Ethereum approaches all-time high... Surpasses $4,600 for the first time in 3 years and 9 months

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has surpassed $4,600 for the first time in three years and nine months, approaching its all-time high.
As of 1:45 PM on the 13th, the Bitcoin price on CoinMarketCap was down 0.
During the same period, Ethereum rose more than 8% to $4,664.
Ethereum is trading at a price of 690,000 yen. The first time Ethereum has surpassed $4,600 is the highest price ever (4,6
This is the first time since November 2021, when it reached a high of $66. Ethereum has been rising sharply since the middle of last month, when the stablecoin bill, the Genius Plan, was passed in the United States.
The incorporation of the coin into the system has raised expectations for the Ethereum ecosystem, which accounts for roughly half of the world's stablecoins.
The increase in the number of institutional investors purchasing Ethereum also had a positive effect.
The previous day, BitMiner, a mining company with 100,000 Ethereum reserves, announced that it would raise $20 billion to purchase additional Ethereum.
As of the 13th, Bitmine holds a total of 1,152,630 ETH.
Ethereum spot exchange-traded funds (ETFs) recorded net inflows for five consecutive trading days.
Local time, a total of $1,018.8 million was inflowed into Ethereum spot ETFs.