Ethereum (ETH) is trading at $1,889 on Thursday, marking a 0.71% gain from the previous session's level of $1,876.

The move extends a multi-day rally that has seen the asset recover significantly from recent lows.

Before that, the asset found support near $1,580 on Saturday, recovering from a Friday close of $1,565.

The price action signals a continuation of the upward trajectory that began earlier in the week.

On Tuesday, Ethereum traded at $1,768, up 0.17% from the prior day.

Before that, the asset found support near $1,580 on Saturday, recovering from a Friday close of $1,565.

This steady climb suggests that selling pressure has eased, allowing buyers to push prices higher.