According to the data of Santiment, a blockchain technology analysis company, the Ether Tiger Shark and Dolphin (people with 100 million to 1 million ETH) have been selling altcoin for the past five weeks.

This kind of ether coin holder has reduced about 3.3 million ether coins in the past five weeks, which is equivalent to selling about 4.2 billion dollars at the current price of altcoin. This important stakeholder is the key driving force for the new price change of ETH. Compared with the BTC (BTC) price, the ETH price fluctuates.

It can be seen from the above figure that the cumulative personal behavior of investors has changed in the past 13 weeks. The ETH dolphins and great white sharks have accumulated 2.2 million ETH in the eight weeks before release, officially starting this period. This shows that the ETH/BTC ratio has increased by 43.3%.

Since then, such stakeholders have abandoned ETH within the next five weeks, reducing the ETH/BTC ratio by 12.7%. The change of investors' behavior in the past few weeks caused the price of ETH to drop 2.37% in the past 7 days and 0.84% in the past day. At this stage, the price of Ether is 1284.72 US dollars

The price of ETH tries to test the 9 index EMA system. Take a look at today's EMA. Because the 9 day moving average is below the 20 day moving average, altcoin still faces some bullish work pressure. In addition, these two lines have a negative linear slope, which indicates that the price of Ether may fall further.

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