Ethereum Sell Pressure Expands As Short-Term Holder Supply Flow Turns Negative

Data from the STH Net Change chart reveals that recent buyers are starting to distribute their holdings, and short-term capital is rotating out, not flowing in. During such scenarios, On-Chain Mind advocates a strategy that plays against the short-term crowd. 

This drop did not stop them as their buying spree is proceeding even more aggressively this time. At the same time, the latest price of ETH will likely appear attractive to whales.

In all of those cases, this offered a fantastic opportunity to purchase the leading altcoin, and this particular signal has unfolded once again in the current market cycle.