Ethereum Jumps to New Record Price in Move Towards $5,000

Only two days after he finally broke his all time, set back in November 2021, Ethereum climbed to an even higher peak on Sunday.

Ethereum rose as high on Sunday as $ 4,945, by details of CoenteckoWhile Coinmarketcap shows an even higher leap to $ 4,948. ETH remains close to both figures, which is currently for a price of $ 4,935 and an increase of 4% in the day, according to Coingecko.

The last step is after ETH surpassed the long -standing record of $ 4,878 in November 2021. Ethereum shot in price on Friday, with the rally caused by the comments from Federal Reserve chairman Jerome Powell, which points to potential interest rates.

That ensured that Ethereum jumped nearly 8% in an hour, with the wider cryptomarkt increasing after these comments. By the time that ETH passed his previous record in the late afternoon on Friday, it had risen by 15% in the day.

Various factors have driven the recent tree of Ethereum. US Spoteum ETFs have seen an unprecedented question, which recently collect more than $ 1 billion in inflow in one day for the first time since last year. The funds have been performed better in recent weeks than Bitcoin ETFs, which reversed the earlier trend of BTC -Dominance.

Business accumulation by Ethereum Treasury Companies has also contributed to the Golf. Bitmine Immersion has collected more than $ 7 billion in ETH companies, while Sharplink Gaming has collected more than $ 3.6 billion in the cryptocurrency.

The developments of the regulations have further increased the outlook of Ethereum. The SEC gave clearer guidelines for setting services, which enabled providers of liquid to pay rewards without registration of agencies – a significant shift in the limiting approach to the previous Biden administration under President Trump.

Moreover, the passage of the Genius Act has established an American regulatory framework for stablecoins, which mainly works on the Ethereum -Blockchain and are usually linked to the US dollar.

Ethereum will continue to rise and Push past $ 5,000 For the first time? Countless users think that it is very likely, with 94% of them expected that it will reach that milestone by the end of 2025. (Disclaimer: Myriad is a product of DecryptThe parent company, Dastan.)