On-chain data shows that ETH is on the verge of a sell-off

Ethereum ClassicEthereum Classic
$43.20
11.93%
self.EthereumClassic1m ago
[r/roboinu](https://www.reddit.com/r/roboinu/) check this sub out After the US Independence Day holiday on July 4, the trader pushed the ETH price to local highs, reaching $1,162. Unfortunately, as the price of the largest altcoin in terms of capitalization rebounded, disturbing on-chain data appeared in the market. Coin moves into exchanges are most likely tied to the fact market participants are looking to cash out after the massive crash we saw in June. When ETH price dropped to the $800 range , selling pressure in the market decreased significantly. https://preview.redd.it/isxclu4bmv991.jpg?width=1428&format=pjpg&auto=webp&s=9d4ec3d8671c517e288d7609e4753c8007e0e250