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Ethereum Surges to 12-Day High as Exchange Supply Hits Record Low
- Ethereum gained momentum, reaching a 12-day high of $2,832 before settling at $2,720.
- ETH's exchange supply is at its lowest level since inception, signaling strong accumulation.
- ETH outperformed most cryptocurrencies, indicating improving sentiment and a potential market recovery.
- Ethereum's valuation against Bitcoin remains weak, requiring strong catalysts to regain traction.
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