An analyst and trader who specializes in on-chain data has revealed that there has been a significant movement of Ethereum (ETH) out of crypto exchanges since the approval of spot ETH exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Ali Martinez, with a large following on the social media platform X, reported that approximately 777,000 ETH, valued at $3 billion, has been withdrawn from exchanges. Martinez also noted that there has been a surge in large transactions of the altcoin Toncoin (TON), indicating a shift in investment strategies among deep-pocketed investors. In the case of Bitcoin (BTC), Martinez believes that the cryptocurrency may reach a new all-time high if it manages to break through its diagonal resistance. The current price of Ethereum is $3,776, Toncoin is trading at $6.81, and Bitcoin is worth $68,938. As always, it is important for investors to conduct thorough research and exercise caution when dealing with high-risk investments in cryptocurrencies and digital assets.