Ethereum Rockets to a New Lifetime High After Nearly 4 Years, Market Cap Nears $600B

The price of ethereum ( $ETH) climbed sharply on Friday, hitting a level not seen in nearly four years. This upward move pushed $ETH’s market value to $591 billion after brushing against its all-time price peak.

Ethereum prices rose on Friday, reaching the $4,890 threshold on Deribit. Bitcoin and several other cryptocurrencies had already secured all-time highs this year, but ether arrived at its milestone a bit later. Ethereum’s climb to new highs highlights the growing strength of $ETH’s market as investors continue to pour capital into its ecosystem.

Ether’s delayed breakthrough has reinforced its role as the second-largest cryptocurrency by market cap. Traders now watch closely to see if ethereum can sustain momentum or push beyond its latest milestone, with market sentiment suggesting the next leg of the rally could be just around the corner.