Ethereum [ETH]: These metrics look bullish – Is a rally around the corner

Ethereum led the market at press time, as it remained the largest L1 in terms of TVL and fees. ETH’s on-chain performance looked bullish. Ethereum [ETH] registered massive gains during this year’s bull market. However, since peaking on 7 February, ETH’s price dropped by 13%. At the time of writing, it was trading at $1,501.74,