Santiment: ETH shows signs of a mild rebound, the proportion of available supply in exchanges hits a new low

Santiment posted on X stating 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 run, ETH continues to be transferred from exchanges to cold wallets at an astonishing rate, with only 6.38% of available supply on exchanges (the lowest level since its inception).

Meanwhile, the community showed new interest in ETH in February. After underperforming other high-market-value coins in 2024, people are starting to expect a rebound when the market fully recovers.