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

Ethereum’s price has been struggling over the past week, dropping more than 12% as of today. However, 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.

Source