Ethereum breaks 2021 record, driven by ETFs and corporate interest

Ethereum has reached a new all-time high, surpassing its previous record from November 2021 and nearing a market capitalization of $600 billion. The price of Ethereum (ETH) climbed to $4,945.60, fueled by growing institutional interest and rising demand for ETFs based on the cryptocurrency.

This milestone marks an important stage for Ethereum, the blockchain network launched in 2015, which serves as a programmable platform for smart contracts and decentralized applications. Unlike Bitcoin, which is primarily seen as "digital money," Ethereum provides infrastructure for a wide range of financial and technological services.

Companies such as SharpLink Gaming, BitMine Immersion Technologies, and EthZilla have started investing in ether, following the example of firms that previously accumulated bitcoin in their balance sheets. This trend indicates a diversification of corporate interest in digital assets.

A key factor is Ethereum’s economic design, which reduces net coin issuance through burn mechanisms, creating upward pressure on price.

For investors and markets, this new record highlights Ethereum’s maturity as a globally relevant financial asset, with the potential to attract additional capital in the next phase of the crypto cycle.