Ethereum: These 4 ‘culprits’ fueled sell-offs, 7% price fall

Despite the sell-offs, several metrics shows that the altcoin may soon be “back.” If these 4 don’t get involved, that is.Ethereum

According to Lookonchain, Cumberland, a trading firm, sent a total of 17,206 ETH to exchanges. At the time of the transactions, the coins were worth $57.3 million. FTX also deposited $8.33 million worth of ETH to Binance. Finally, the other two institutions sold a combined $39.92 million in ETH.Whales sell their assets for different reasons. For some, it could be a normal profit-taking event. For others, it could be an avenue to let go after a cryptocurrency has underperformed.

To do this, AMBCrypto looked at some metrics which could affect the value. First on the list was the Mean Dollar Invested Age .

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