Ethereum has added over 10% in the last 24 hours, accelerating gains as it returns to the territory above $2000. That said, the second most capitalised coin has been falling for so long and has fallen so low that it will need to exceed $2,300 to break the downtrend of the past three months.

According to Santiment, the available supply of Ethereum on trading platforms has shrunk to 8.97 million ETH. This is the lowest value since November 2015, which could indicate potential growth due to the reduced supply. BlackRock expects that investor interest in Ethereum may soon recover.

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) has lifted economic sanctions on Tornado Cash. Over 100 Ethereum addresses were removed from the sanction’s lists.