Ethereum (ETH) price went down by 2.8% over the last 24 hours but the asset still has the ability to sustain the $1,500 range.
At press time, according to tracking from Coingecko, the second largest cryptocurrency in terms of market capitalization is trading at $1,506 and is still up by 17.5% for the past seven days.
The “post merge crash” that Bitcoin and other cryptocurrencies endured a few weeks ago has helped put the “king of all altcoins” back on top.
That challenging period saw Ethereum struggle to hold and surpass the $1,300 and $1,400 levels.
Ethereum Could Surge To Over $3,000 Next Year
While the recent bullish run that the crypto market had over the last couple of days helped ETH break out of its extended downward trend, it is still nowhere near the level it was the same time in 2021.
In November 10, 2021, Ethereum, along with its rival Bitcoin, attained all-time highs (ATHs) with ETH…
