#ETHRally

Ethereum (ETH-USD) 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 $4,700 per token, just shy of its 2021 record level.

"We have stated multiple times we believe Ethereum is the biggest macro trade over the next 10-15 years," Fundstrat head of research Tom Lee wrote in a note on Wednesday.