Happy days are here again for Ethereum ($ETH) and its investors as the world’s second-largest cryptocurrency broke the $4,600 mark. This brings $ETH to a level unseen since late 2021.

Institutional investors and Ethereum ETFs have primarily driven the rally that began earlier this month.

This bullish sentiment will also have a positive impact on the wider market and top ERC-20 tokens like Bitcoin Hyper ($HYPER) and Snorter Token ($SNORT) as traders seek to diversify their investments.

Ethereum ETFs, Institutional Investments Drive $ETH Surge

Growing appetite for $ETH has driven its price since the beginning of August, resulting in a record number of inflows on Monday of over $1B, based on data from SoSo Value .

BlackRock has been one of the biggest winners so far, after its iS

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