Ethereum (ETH) surged to $4,326, reaching its highest valuation since December 2021, fueled by robust institutional investments and exchange-traded fund (ETF) inflows.
The cryptocurrency registered a 20% weekly gain, staging a substantial recovery from its April low of $1,383. This rally coincides with over $6.7 billion invested in U.S.-listed Ether spot ETFs year-to-date, alongside treasury firms accumulating more than $12 billion in ETH holdings.
Market analysts attribute the surge to the impact of newly launched Ether spot ETFs, which have attracted significant capital. Growing institutional interest in Ethereum’s blockchain capabilities—particularly for smart contracts and tokenized assets—further underpins the momentum, indicating potential for sustained growth.