Odaily reported that according to Santiment's analysis, Ethereum's price performance outperformed the broader cryptocurrency market in the past 24 hours, with a rare rise to a new 12-day high, showing signs of a "moderate rebound". Ethereum reached a daily and 12-day high of $2,832 on February 17, but was unable to maintain this momentum, falling back to $2,720 in early trading on February 18. On that day, ETH rose 2%, while the total market capitalization of the broader cryptocurrency market declined by 2.4%. Santiment also added that in the long run, "Ethereum is moving from exchanges to cold wallets at an astonishing rate", with only 6.38% of the available supply remaining on exchanges. Santiment stated that when crypto assets are moved from centralized exchanges, it usually indicates that investors are holding. This "reduces the likelihood of a large-scale sell-off occurring soon. But it should be viewed as a long-term indicator, not a metric to react to based on swing trading." The analyst also commented that after a prolonged period of lackluster performance, the community has shown some renewed interest in Ethereum in February.