Ethereum’s gains in the last week have seen it blast past the $1,500 resistance area and erasing most of its losses due to FTX’s collapse in November.

The number two cryptocurrency Ethereum has had a rather exciting week, from a value of $1,300 on early Monday to a local peak of $1,599 early Saturday for a 23% increment in seven days.

Like Bitcoin, most of Ethereum’s gains have been in the last twenty-four hours. Ethereum opened Friday at a value of around $1,400, gaining by 14.28% to the local peak of $1,600 set early Saturday.

At the time of writing, Ethereum has cooled down a bit and is trading at $1,520. Further checking the one-day ETH/USDT chart below, it can be observed that with its bullish move above $1,500, Ethereum has also erased all losses from the November collapse of FTX.