According to Odaily, Santiment reported on X that Ethereum (ETH) is exhibiting mild recovery signs, with its market price climbing to $2,745, outperforming most altcoins earlier this week. In the long term, ETH continues to move from exchanges to cold wallets at a remarkable pace, with the available supply on exchanges now at just 6.38%, the lowest since its inception. Meanwhile, the community has shown renewed interest in ETH since February. After underperforming compared to other high-market-cap cryptocurrencies in 2024, there is anticipation for ETH to rebound when the market fully recovers.

#ETH