Ethereum Price Surges Towards New Record Highs, Driven by Institutional Investment and DeFi Growth

Ethereum’s price has surged past the $4,150 mark, reaching a new all-time high as bullish sentiment fuels further growth. Analysts attribute this increase to surging demand from decentralized finance (DeFi) applications and institutional investment in spot ETFs. The cryptocurrency is currently trading at around $4,384 USD, reflecting a 0.8% intraday gain and a notable weekly jump of +9.2%. This positive trajectory suggests sustained capital inflow and growing optimism within the Layer 1 smart contract sector.