Ethereum price will do better in future but right now we are in a bear market, not even the so called MERGE can return its value to 4,000$ again, but in next bull market we will see more than 4000$ per Ethereum.
Merge update was only a short hype. Merged does nothing during the bearish market rather than calling a short pump to happen. It was going back again to the around 1500 as per the dump that happened with bitcoin. There's not reason to talk about another higher rate for ethereum if the market was still at the bearish trend like this. Im sure that if you are also aware about this too. impossible for now.