Ethereum (ETH) has shown signs of a potential bullish rebound in the near term, after closing last week with an inverted hammer candlestick pattern.
The large-cap layer-one (L1) blockchain, with a fully diluted valuation of approximately $273 billion, has experienced a 6 percent drop in the past 24 hours.
Ethereum's daily average trading volume stands at around $12.5 billion, indicating significant activity in the market despite recent downward movements.
