Recent data shows that Ethereum has experienced the highest net withdrawal from exchanges in approximately the last two years, which could be a positive sign for Ethereum’s price. According to the analytical company Santiment, investors have been withdrawing Ethereum from exchanges lately. In a 24-hour period between February 8 and 9, approximately 224,410 Ethereum (equivalent to 596 million dollars) left exchanges, marking the highest amount in the past 23 months. This massive withdrawal has led to a sharp decrease in Ethereum reserves on exchanges to 9.63 million, the lowest level since August of last year. Although Ethereum has recently faced challenges, this extensive withdrawal could be a positive indicator for the future. However, Santiment warns that Ethereum’s performance in 2025 will still depend on its ability to maintain and return to higher levels like Bitcoin.
