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Ethereum ICO Whale Dumps Another 6K ETH, Is Price Correction Ahead?

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ETH 's price has been struggling over the past week , dropping more than 12% as of today .

The asset saw a brief rally, finding support at an intra-day low of $ 2,312.58 , and climbed back up to $ 2.438 , a 5% increase from the day ’s low.

This rebound comes amid news that a prominent Ethereum ICO participant, often referred to as a “whale,” has sold another significant portion of their holdings.

The same transaction is part of a bigger selling spree by the same whale who has been selling 40,000 ETH worth $101 million since September .

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