On-chain data shows a surge in outflows from retail investors, who appear to have lost faith in ETH’s potential in light of previous price fluctuations. This negative behaviour from retail investors would typically trigger bearish pressure for ETH.
In the meantime, the platform has warned that prices almost always deviate from retail holders’ expectations and has urged investors to closely monitor the chart to determine when price extremes are being called below or above ETH’s current market level.
