Ethereum's Coins Being Stashed Away... Will it Lead to a Long-Awaited Breakout?

📈 Ethereum has shown mild signs of a rebound, currently back up to a market value of $2,745 and outpacing most altcoins to start the week. From a long-term perspective, ETH continues to move off of exchanges and into cold wallets at a shocking pace, with just 6.38% of the available supply on exchanges (the lowest since genesis).

Meanwhile, the community has been showing some renewed interest in crypto's #2 market cap asset here in February. After being a major under-performer relative to other large caps in 2024, there has been some anticipation of a rebound when market-wide recoveries begin to take place.