Ethereum prices have outperformed the broader crypto market over the past 24 hours in a rare move that resulted in a 12-day high, indicating “mild signs” of a rebound, according to Santiment.

For the year, Ethereum (CRYPTO: ETH) is now down 17%. That includes a flash crash in early February when the world's second-largest cryptocurrency lost 20% of its value literally overnight.

ILLUSTRATION - 23 April 2024, Baden-Württemberg, Rottweil: The logo of the cryptocurrency Ethereum ... [+] (ETH) and a candle chart can be seen on the CoinMarcetCap trading platform. Photo ...

Related: Ethereum shows signs of life as holders move ETH off exchanges: Santiment Crypto Yodhha also highlights a range breakout scenario, with ETH needing to reclaim the upper boundary near $ ...