Ethereum has surpassed its previous all-time high of $4,878, briefly trading above this level before a slight dip. The cryptocurrency has surged 300% since mid-April, driven by significant institutional investments. Public companies have been accumulating Ether, and exchange-traded funds (ETFs) have attracted billions in inflows. The rally is further supported by new regulations, including the Genius Act and SEC's Project Crypto, alongside an executive order from President Donald Trump allowing retirement funds to invest in digital assets. Spot Ethereum ETFs have been major price drivers, with record inflows in August. Ethereum treasury companies, such as BitMine, now hold nearly 3% of Ethereum's supply, contributing to the upward momentum.