This Ethereum On-Chain Data Suggests That Coin Is on Verge of Another Sell-off

$ETH still remains under pressure as crypto investors are actively depositing funds on centralized exchanges

The movement of funds toward exchanges is most likely tied to the fact that market participants are looking for ways to realize their funds after the massive crash we saw in June. As Ethereum's price dropped to the $800 range, the selling pressure on the market decreased significantly.Rising inflows on exchanges might not be tied to the desire of traders to sell their holdings, as centralized

often move some of their funds from cold to hot wallets to increase the liquidity on the market and provide market makers with needed funds.The series of liquidations we saw back in June is also tied to large inflows on exchanges, as decentralized platforms no longer hold as much Ether as they used to.

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