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Ethereum [ETH]: These metrics look bullish – Is a rally around the corner
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Ethereum [ETH] registered massive gains during this year’s bull market. However, since peaking on 7 February, ETH’s price dropped by 13%. At the time of writing, it was trading at $1,501.74, with a market capitalization of more than $183 billion.
Read Ethereum’s [ETH] Price Prediction 2023-24
Interestingly, not everything looked bad for Ethereum, as Santiment’s data revealed that despite the price decline, the amount of available ETH sitting on exchanges continued to fall, which looked bullish. To be more specific, there have been 37% fewer coins in terms of dollar valuation on exchanges since the merge.
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