Ethereum (ETH) has been demonstrating significant resilience, showing a notable upward trend in the past week. The second-largest cryptocurrency by market capitalization recently achieved a 19-day high, peaking at $3,745.
It is presently trading around $3,680, marking a 0.50% increase over the last 24 hours. Over the past week, Ethereum has experienced a substantial 10% growth, showcasing a strong recovery momentum.
Despite this encouraging upward trajectory, Ethereum remains about 25% below its previous highs. The recent price movements have spurred discussions and speculations regarding the cryptocurrency's potential to target the $4,000 mark in the short term.
