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Is Ethereum Quietly Building Momentum for a Rally? Analysts Weigh In

  • Ethereum's recent price performance indicates a potential departure from negative trends seen in the broader cryptocurrency market.
  • Ethereum outpaced many altcoins at the start of the week, partly due to ETH moving from exchanges into cold wallets at an accelerating rate.
  • Only 6.38% of the available supply of Ethereum remains on exchanges, the lowest figure since its inception.
  • Market analysts suggest that Ethereum may be poised for sustained growth, potentially recovering over 72% from its current levels.

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