Santiment: ETH is being withdrawn from exchanges at an astonishing rate and has shown signs of a mild rebound

ChainCatcher news, the cryptocurrency market research firm Santiment has released a chart report: Ethereum has shown signs of a mild rebound, rising to $2,745, with gains this week exceeding most altcoins. In the long term, ETH continues to be withdrawn from exchanges to cold wallets at an astonishing rate, with 0.83% of the entire ETH supply withdrawn from exchanges in the past two weeks, leaving only 6.38% of the available supply on platforms (the lowest level since inception).

Meanwhile, in February, the crypto community has shown renewed interest in Ethereum. Although ETH has underperformed significantly compared to large-cap tokens in 2024, the community has begun to anticipate a significant rebound for ETH when the entire market starts to recover.