#ETHRally

Ethereum prices rose to near record levels on Wednesday as Wall Street grows increasingly bullish on the crypto play.

The world's second-largest cryptocurrency by market cap jumped as much as 6% to hover above $4,680 per token, just shy of its 2021 record level.

Ether, the native token of ethereum, is up more than 50% since the GENIUS Act legislation, which creates guardrails for the stablecoin industry, was passed last month.

Additionally, the Securities and Exchange Commission's recent "Project Crypto" announcement, an initiative to modernize the agency and establish clear regulations around the digital asset industry, has also fueled the rally in ethereum.