Ethereum price is currently sitting at $207 after reaching its short-time high of $217. There are already speculations that this might be related to another huge selloff on the market.
A massive Ethereum sell-off continues with initial coin offering dumping three times more Ether than they did during the previous month, according to a TrustNode research. In particular, recent massive drop on price was inextricably connected to 82,000 ETH being sold by ICOs on Sept. 4 alone. All in all, there is already more than $40 mln worth of Ethereum accumulated at squeeze time.
Denys Serhiichuk
Gamza Khanzadaev