Ethereum (ETH) experienced a small rebound yesterday, rising from around $2650 to around $2850. Santiment, a blockchain analysis platform, pointed out on social platform X that Ethereum has shown mild signs of rebound, outperforming most altcoins at the beginning of this week.

Santiment From a long-term perspective, Ethereum in exchanges is still flowing out at an alarming rate and transferring to cold wallets, with only 6.38% of available supply remaining on exchanges, the lowest level since the creation of Ethereum. The chart shows that 0.83% of the Ethereum supply has flowed out of the exchange in the past two weeks.

Santiment It also stated that the community showed a certain degree of attention to Ethereum in February, with 9.2% of all cryptocurrency discussions related to Ethereum. The platform believes that Ethereum performed relatively weakly compared to other large cap currencies last year, and when the overall market began to recover, some investors had already begun to expect Ethereum to rebound.

According to CoinMarketCap data, Ethereum experienced a decline today, falling below $2700 before the deadline and reaching $2660, almost recovering yesterday's gains.