Ethereum Suddenly Spikes by 7.6%, Reaches $1,260

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Ethereum Suddenly Spikes by 7.6%, Reaches $1,260
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$ETH price performance we see today could be the start of a bigger rally in the future

price reached the $1,250 threshold, which could become a foundation for a run toward $1,300.

As we mentioned previously, Ethereum has shown a lot of resilience during the FTX-fueled crash on the market and barely even touched the $1,000 support level, successfully bouncing immediately after.Thanks to the successful absorption of FTX's funds right after the appearance of the first insolvency rumors and the lack of reserves on the exchange, Ether avoided the selling pressure that assets like SOL and Serum had to face, and they lost significantly more value than Buterin's coin.

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