Ethereum (ETH) Price at Risk? Indicator Raises Concerns of Price Manipulation

. This is not the first time that such a surge in activity has been observed, as similar spikes were seen during The Merge in September last year and following the FTX collapse.

However, increased volatility could also lead to potential market manipulation by big players and market makers, who could take advantage of the situation. Such manipulators often use these kinds of events to create psyops, which they can then use to their advantage. Thus, despite the belief that the increase in the number of deposits on centralized exchanges is a sign of an impending sale of the cryptocurrency, the presented chart shows that the growth in the number of deposits has often been a precursor to further growth in the price of

. As such, it remains to be seen where this discrepancy will lead, but it is expected to become clear soon.

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