#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 capital inflow through ETFs, signaling to the market: Ethereum is not going to lag behind Bitcoin.

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