Ethereum (ETH) has finally started to show signs of life after spending much of the past year in a sluggish bearish phase. Over the last 12 months, the world’s second-largest cryptocurrency grew by a mere 5.6%, frustrating investors who once saw it as a market leader.
However, momentum has shifted in recent weeks. In the last 30 days, ETH has jumped by 44.2% to reach $3,640.83. In just the past 24 hours, the price surged 5.3%, indicating a strong short-term trend reversal and renewed investor confidence.