Bitcoin (BTC) broke yet another new record last Friday, reaching $70,000 (€63,369). However, Bitcoin is not the only cryptocurrency showing promising results; Ethereum (ETH) is also following Bitcoin's positive performance. For the first time since December 2021, Ethereum is approaching the crucial milestone of $4,000 (€3,656).

The positive movement of Ethereum

This positive movement of Ethereum coincides with the rise of "EigenLayer," an innovative restaking protocol that has now become the second-largest DeFi protocol in terms of Total Value Locked (TVL).

Although Ethereum has not yet reached a price record, which currently stands at $4,986 (€4,555), its current price is $4,012 (€3,666) at the time of writing.