Ethereum [ETH] could risk a further decline despite losing over 23% of its value to trade at $1,261 in the last seven days. The reason for this possibility was the high deviation of on-chain withdrawals of the altcoin. Onchain Edge, in a 11 November post on CryptoQuant, noted the state of these withdrawing transactions. In
![Could Ethereum [ETH] see more downside as withdrawals heighten](https://images.cryptocompare.com/news/default/ambcrypto.png "Could Ethereum [ETH] see more downside as withdrawals heighten")
