Santiment: ETH shows signs of a mild rebound, with the exchange available supply ratio hitting a new low
ChainCatcher news, Santiment posted on X that ETH has shown signs of a mild rebound, with the current market price rising to $2,745, outperforming most altcoins at the beginning of this week.
In the long term, ETH continues to be transferred from exchanges to cold wallets at an astonishing rate, with the available supply on exchanges accounting for only 6.38% (the lowest level since inception).
Meanwhile, the community has shown renewed interest in ETH in February. After underperforming compared to other high market cap coins in 2024, people are starting to anticipate a rebound for ETH when the market fully recovers.
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