The recent price performance of Ethereum indicates a gap compared to the negative trends that we see on the wider market of cryptocurrencies.
While assets such as Bitcoin faced a downward pressure, Ethereum achieved a slight positive movement yesterday, pushing its market value greater than $ 2,700. In the midst of this price decision, questions were raised to find out if the asset could quietly take a momentum for a sudden rally.
Moves silent behind the scenes
Santly, a well-considered intelligence platform, recently highlighted these ETH price performance on X, noting that Ethereum has exceeded many altcoins at the start of the week.
This performance as reported by Santiment can be attributed to the continuous trend of ETH passing from exchanges in cold wallets at an acceleration rate.
In fact, only 6.38% of the available offer remains on exchanges, the lowest figure since the creation of Ethereum, according to Santiment. Santiment also revealed that the renewal of the interest of the ETH community seems to be another factor behind this momentum.
Ethereum has shown slight signs of a rebound, currently at a market value of $ 2,745 and on most Altcoins to start the week. From a long -term perspective, ETH continues to move away from exchanges and in cold wallets at a shocking pace, with only 6.38% of … pic.twitter.com/4mtjgpoldt
– Santiment (@santimentfeed) February 17, 2025
Ethereum has shown slight signs of a rebound, currently at a market value of $ 2,745 and on most Altcoins to start the week. From a long -term perspective, ETH continues to move away from exchanges and in cold wallets at a shocking pace, with only 6.38% of … Having underperform compared to other large capitalization assets throughout 2024, Ethereum now attracts attention while market players begin to anticipate a rebound when wider market conditions improve.
Santiment analysis indicates these movements as early indicators that Ethereum can be positioned for more sustained growth in the coming months.
An upward potential for Ethereum and Altcoins
For the future, various market analysts have shared optimistic prospects for Ethereum’s performance. The Javon brands, for example, have just come out of a long phase of consolidation.
Depending on the brands, the assets could potentially Recover more than 72% of its current levels, returning to its high areas of all time. Such a decision could also trigger a significant optimistic momentum for other altcoins, further improving the role of Ethereum as a market leader in Altcoin.
Get out of what could only be a low consolidation, $ ETh could be installed here for an increase of more than 72.1% in a recovery in its ATH areas!
Ethereum could still have a major arrival to come, and this could also help alts in important bull movements. pic.twitter.com/6fltjolhq0
– Javon
Marks (@ javontm1) Another perspective comes from Crypto Ali analyst, who identified a level of crucial support at $ 2,425. This level is remarkable because it represents the accumulation area for 10.33 million portfolios with a total of 62.43 million ETH.
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