Recent on-chain trading signals indicate a trend towards market chain migration, benefiting Nasdaq and Ethereum. Garrett Jin from 'BTC OG Insider Whale' highlighted a successful strategy of going long on Nasdaq while shorting Coinbase. This shift is advantageous for Ethereum (ETH) and poses challenges for high-frequency trading. Key support and resistance levels are crucial as profits are redistributed, affecting major players like Citadel and Robinhood.