Recently, the price of Ethereum officially broke through the 4700 USD mark, attracting widespread attention from the global Crypto Assets market. According to the latest data, the current price of Ethereum is 4,703.08 USD, with a 24-hour volume reaching 67,738,144,806 USD, rising by 9.75% compared to yesterday. In the CoinMarketCap ranking, Ethereum firmly holds the 2nd position, with a total market capitalization of 567,702,018,991 USD and a circulating supply of 120,708,590 ETH. Although the max supply has not yet been determined, market enthusiasm for Ethereum continues to heat up.
The reason for Ethereum price breaking through 4700
The rapid rise in prices this time is not a coincidence; there are multiple factors driving it.
1. The Ethereum ecosystem continues to expand
Ethereum is not just a Crypto Asset, but also a platform that supports smart contracts and