Ethereum Breaks $4,500 Barrier, Reaching New All-Time High

The cryptocurrency market is abuzz with activity as Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has surged past the $4,500 mark. This impressive milestone comes alongside the strong performance of Avalanche (AVAX) and Dogecoin (DOGE). The surge in ETH prices is attributed to expanding decentralized finance (DeFi) applications and growing institutional interest. 70% downtrend has been broken as Ethereum shows a potential for reaching a $40 target, according to analysts.