This historic #Ethereum anomaly could spark huge $ETH price rebound.

t has been tough two years for Ethereum (ETH), losing around 65% of its value since 2021’s all-time high, and some holders could have been feeling it harder these days, with ‘capitulation signs’ amid six-month lows for ETH price, noted by analysts.

However, after the capitulation, there is usually a price rebound – at least, this is what most #experts will agree upon on market cycle theories.

In that sense, analysts from the Santiment’s Sanbase PRO reported on September 14 another major capitulation signal in what they called a “historic anomaly” observed in the Ethereum Network.

As reported, Ethereum hit over 1 million Daily Active #Addresses (DAA) in a single day, which makes this the second all-time high for this metric in the network’s 8-year history.

- #Addresses suspected to be linked to Abraxas Capital deposited 58 million stablecoins on multiple cryptocurrency exchanges (CEXs).

- These addresses, starting with 0x0f1d, previously collateralized substantial ETH and BTC on Compound and Aave, borrowing stablecoins.

- The deposits of millions of #stablecoins into CEXs by these addresses suggest a positive outlook on the current market.

- This activity might indicate a potential #bullish trend in the market.

- Stakeholders and #market participants should closely monitor these developments to make well-informed decisions within the dynamic #cryptocurrency landscape.

$BTC $ETH $AAVE