Ethereum Price Prediction – ETH Bounces 12% From Recent Lows, How High Can it Go?

The ethereum price has risen to $1,216.65, marking a 12% increase from lows recorded on Thursday, when the FTX collapse caused a major market selloff. Its current price also represents 2% rise in the past 24 hours, although the second-biggest cryptocurrency has fallen by 20% in the last 14 days, as its ongoing upgrades struggle to counteract ongoing pessimism.