Ethereum Deposits At 4-Month High: Whales Preparing For Selloff?

On-chain data shows that the Ethereum exchange netflow recently spiked significantly, a sign that could be bearish for the cryptocurrency’s price.
Ethereum Exchange Netflow Registered A Large Positive Spike Recently
In a new post on X, the market intelligence platform IntoTheBlock has discussed about the latest trend that has been occurring in the exchange netflow metric for Ethereum.
The “exchange netflow” here refers to an on-chain indicator that tracks the net amount of any