Whales Preparing to Sell Ethereum
The chart shows a significant influx around December 24–26 ( approximately $140K+ #ETH worth ). Immediately after, a weaker continuation bar appears.
There has been a strong
$ETH transfer to the exchange, followed by a continued but weaker inflow. Such one-time large inflows are generally interpreted as preparations for spot selling.
For the Netflow on the chart, EMA(7) and EMA(14) have turned upward, while SMA(30) remains flat. This situation indicates an increased short-term selling intent. Investors are waiting to sell at resistance levels when the price r