These On-Chain Indicators Offer Insight Into the Next Ethereum (ETH) Price Action

The world’s second-largest cryptocurrency Ethereum (ETH) has also been under strong selling pressure moving to $1,200 amid the market shakeout caused by the FTX collapse. As of press time, ETH is trading 4.3% up at a price of $1,282 and a market cap of $156.9 billion.