Ethereum Price Hints at Rebound
Ethereum price is teasing a turnaround, with a 2.1% rebound over the past seven days, following a 1.9% slip over the past month.
Despite previous bounces failing to extend into full rallies, the current rebound appears more convincing, with on-chain data shifting in favor of the cryptocurrency.
- The Spent Coins Age Band metric has dropped from 346,000 ETH to 42,100 ETH, an 88% decline in movement.
- This decline indicates that coins are staying put rather than circulating, signaling rising dormant holdings and renewed conviction among holders.
No specific quote available in the given text.
Author's summary: Ethereum price may rally due to whale activity.
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