Ethereum’s recent performance shows a recovery, reaching a 12-day high of 2,832 USD. However, it has pulled back to 2,720 USD, indicating some volatility amid a broader market retreat.
Current exchange balances of ETH are declining significantly, with just 6.38% of the total supply remaining on exchanges. This often indicates that holders are opting to ‘hodl’ their investments instead of selling.
There is renewed interest in Ethereum after a prolonged dip. The ETH/BTC ratio showed a marginal improvement, suggesting potential shifts in market dynamics as investors watch for long-term recovery.
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