According to reports from several well-known media outlets, Ethereum (ETH) has performed strongly recently, with its price reaching a new all-time high, attracting widespread market attention.

Latest data shows that the price of Ethereum on major trading platforms generally peaks between $4,945 and $4,953. Bloomberg pointed out that with the rise in price, Ethereum's market capitalization has neared $600 billion, also setting a new record. The Wall Street Journal reported that on August 22, Ethereum briefly touched a high of $4,882.

Several cryptocurrency media outlets have also reported on this breakthrough event. Decrypt stated that Ethereum has surpassed the historical record set in 2021, with a peak price of about $4,879. Indian tech news site Gadgets360 was even more precise to two decimal places, stating that ETH reached a maximum of $4,953.73.

It is worth noting that media outlets such as Axios and CoinDesk have not only focused on the fact that Ethereum has reached a new high, but also further analyzed that ETH has entered the "price discovery phase," which means that the market is reassessing its true value.

The driving factors behind this round of price increase are complex and varied, including but not limited to the technical upgrades of the Ethereum network, the increase of institutional investors, and the continued popularity of decentralized finance (DeFi) and non-fungible token (NFT) markets.

However, experts also remind investors to be cautious about such a rapid price increase. The cryptocurrency market has always been highly volatile, and investors should fully understand the risks and view market trends rationally.

As the Ethereum ecosystem continues to develop and improve, its future trends will continue to be closely followed by global investors and technology enthusiasts.