Ethereum reached a new all-time high, surpassing its previous record set in 2021, hitting $4,879. The surge was driven by increasing ETH treasuries, a favorable regulatory climate, and interest from traditional finance. Following Federal Reserve Chair’s comments hinting at rate cuts, Ethereum jumped 8% in an hour and continued to rise.

ETH has more than doubled in price in the last two months, outpacing Bitcoin as investors flock to exchange-traded funds. Companies like BitMine Immersion and SharpLink Gaming have accumulated billions in Ethereum. The recent boom is tied to growing ETF demand and interest from traditional financial institutions.

The recent surge in Ethereum prices has been influenced by rising ETF demand and aggressive buying from treasury companies. The SEC’s clarification on staking and the passage of the GENIUS Act have also boosted Ethereum’s prospects. Companies are following the lead of Bitcoin treasury firm Strategy by investing in Ethereum.

Standard Chartered bank raised its Ethereum price target to $25,000 by 2028, citing improved market conditions. Myriad Markets prediction market now shows an 85% probability that Ethereum will surpass $5,000 in 2025. Ethereum is at the center of key themes attracting traditional financial institutions, like stablecoins and tokenization.

Read more at Yahoo Finance: Ethereum Hits All-Time High Price After Nearly 4 Years