The last price results of Ethereum indicate a departure from negative trends, which are apparent on a wider cryptocurrency market.
While assets, such as Bitcoin, stood before inheritance pressure, Ethereum yesterday managed a compact positive movement, withdrawing its market value above 2,700 USD. Therefore, the prices arose questions about whether the resource can quietly build a sudden rally shoot.
Serene moves behind the scenes
Santiment, a well -estimated market intelligence platform, recently emphasized this price results from ETH to X, noticeable that Ethereum overtook many Altcoins at the beginning of the week.
Performance, as reported by Santiment, can be attributed to the continuous ETH trend of transmission from exchange to frigid wallets at an accelerating pace.
In fact, only 6.38% of available supply remains on the stock exchanges, the lowest number from the beginning of Ethereum, according to Santiment. Santiment also revealed that the renovated interest of the ETH community seems to be another factor of this momentum.
Ethereum showed soft signs of reflection, currently supporting the market value in the amount of 2,245 USD and ahead of most Altcoins to start the week. From a long -term point of view, ETH still moves away from exchange and to frigid wallets at a shocking pace, with only 6.38%… pic.twitter.com/4mtjgPoldt
– Santiment (@santimentfeed) February 17, 2025
After worse results compared to other assets with high capitalization in 2024, Ethereum draws attention when market participants begin to expect reflection when wider market conditions improve.
Santiment analysis indicates these movements as early indicators that Ethereum can be set to a more lasting augment in the coming months.
A potential advantage for Ethereum and Altcoins
Looking to the future, various market analysts divided positive prospects for Ethereum results. For example, Javon Marx sees ETH resulting from the long phase of consolidation.
According to Marx, the resource could potentially Recover over 72% of current levels, returning to your high zones in history. Such a movement can also cause a significant stubborn rush to other Altcoins, additionally increasing the role of Ethereum as the leader of the Altcoin market.
Starting from what could be only a massive bottom/consolidation, $ ETH You can set here by over 72.1% augment in regeneration back to ATH areas!
Ethereum can still have a solemn advantage, and this can also facilitate Alts in significant bull movements. https://t.co/ykb13rwh99 pic.twitter.com/6fltjolhq0
– Javon
Marx (@javontm1) February 17, 2025
The next perspective comes from the cryptographic analyst of Ali, who identified Key support level after 2425 USD. This level is noteworthy because it represents the accumulation zone for 10.33 million wallets containing a total of 62.43 million et.
A distinguished picture created from DALL-E, chart from TradingView
