The price of Ethereum has been fluctuating between $2,600 and $2,800, with a 1.0% decline over the past 24 hours and a 19.3% decrease over the last 30 days. However, recent market indicators suggest that Ethereum may be showing signs of a potential rebound. The market value of Ethereum has rebounded to $2,745, surpassing most altcoins at the start of the week. Additionally, there has been a decrease in exchange supply, with only 6.38% of Ethereum's total supply remaining on exchanges, the lowest level since its inception. This indicates a growing preference for self-custody solutions. Community discussions around Ethereum have also increased, with nearly 1 in 10 crypto-related discussions focusing on the asset. Market sentiment has been negative, but potential catalysts such as ETF approvals, network upgrades, and new trading launches could impact Ethereum's trajectory. The declining momentum in other ecosystems and recent challenges faced by projects like Solana create a rebound opportunity for Ethereum after lagging behind Bitcoin for months.



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