Ethereum (ETH) is noticeably on the rise along with the overall increase in performance of most crypto assets. Though general crypto market sentiment continues to be the key driver of Ethereum price growth, network activity has boosted confidence among all Ethereum investors. In January 2023, Ethereum emerged from a downturn that had been in place since May.
Source: https://coinpedia.org/price-analysis/ethereum-price-analysis-eth-price-to-have-a-bullish-ride-soon-here-are-the-levels-to-watch/