The price of Ethereum (ETH) surged on Friday, reaching levels not seen in nearly four years. This upward move pushed the market value of ETH to $591 billion after hitting its all-time high price.
The price of Ethereum rose on Friday, reaching $4,890 on Deribit. Bitcoin and several other cryptocurrencies have hit record highs this year, but Ether has reached its milestone a bit more slowly. Ethereum's climb to new highs highlights the growing strength of the ETH market as investors continue to pour funds into its ecosystem.
The delayed breakthrough of Ether has reinforced its role as the second-largest cryptocurrency by market capitalization. Traders are now closely watching to see if Ethereum can maintain its momentum or reach beyond its latest milestone, with market sentiment suggesting that the next phase of the bull run may be just around the corner.
