#ETHRally Ethereum is back in the spotlight — the price of $ETH has broken the $4,300 level and is confidently moving higher, updating the highs of the last few years.

The main catalyst is the increasing volumes in DeFi and the influx of capital through ETFs, signaling to the market that Ethereum is not going to lag behind Bitcoin.

Against this backdrop, altcoins based on Ethereum have also come alive, and the network is showing record activity levels in smart contracts. For traders, this means greater volatility and opportunities on short timeframes, while for investors, it provides another argument for why $ETH remains the second most valuable cryptocurrency.

Will this surge turn into a new bull run?

So far — it certainly looks that way.