Is Ethereum awaiting another price correction?

Ethereum exchange outflow reached a 1-month low. Metrics suggested that it was under selling pressure.

Market indicators and metrics remained bearish on the token.price witnessed a decline as it once again went under the $1,900 mark. The latest data revealed that things can get even worse if selling pressure continues to rise. Checking the token’s daily chart gave more reasons for concern as the possibility of ETH’s price plummeting further seemed likely.The king of altcoins managed to cross $1,900 last week, but it couldn’t sustain the pump and soon fell.

On top of that, Lookonchain’s recent tweet pointed out that Justin Sun sold his ETH holdings. As per the tweet, Justin Sun transferred 23,000

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