#Ethereum has gone through two major bull cycles in previous cryptocurrency markets.

The second bull cycle of $ETH ETH often outperformed the first cycle in terms of price achieved.

Currently, Ethereum is in the second bull phase, with prices having surpassed previous highs.

According to CoinGecko, the price of Ethereum has reached a three-month high, trading around $3,320, up about 38% in the past week and 45% this year, although it is still below the ATH in November 2021 of $4,867.6.