In the last downtrend, the Ethereum currency was one of the most affected and dropped to $1385, but with the return of the uptrend, it almost doubled and exceeded $2700.

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This rise prompted several whales to take profits, which is exactly what happened in the past 48 hours.

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The total sold was 225,779 pieces of the currency.

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Intensive sell-offs in a short period may mean:

Taking profits

Decline in confidence

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In your opinion, what is the logical explanation for the large sell-offs?

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$ETH