330,000 ETH moves to exchange wallets
According to Santiment data, Ethereum has seen a significant inflow into exchanges in recent weeks. 330,000 ETH valued at nearly $825 million have been moved into crypto exchange wallets in the last two weeks.
An increase of inflows to exchanges might suggest increased selling pressure resulting from decreased demand. As the asset is being put up for sale, this leads to its availability on exchanges and a consequent drop in price.