Sun Ge has done it again! He sold half of his $ETH, which has hit the price of Ethereum hard.

Ethereum finally rose to $4,000, but was brought down by Sun Ge's operation, and it plummeted by 17%. Since Trump won the election, the price of Ethereum has begun to rise, and Sun Ge has started selling. In particular, he sold $143 million worth of ETH in one go last week. The price of Ethereum is like sitting on a slide, and it has been falling all the way in the cryptocurrency market, with a drop of more than 15%.

According to blockchain analysis company Spot On Chain, Sun Yuchen redeemed nearly 40,000 ETH from two staking platforms, and then deposited all the money into his own trading platform HTX. Since November 10, Sun Yuchen has deposited more than 100,000 ETH into HTX, with a total value of up to $400 million, and each deposit was made at the high point of the price.

The market sentiment is not optimistic now, and everyone thinks that the price of Ethereum will fall below $3,000. Some analysts even predict that the price of Ethereum may fall to $2,800 due to the selling of whales.

However, not everyone is bearish. Some analysts think that the Ethereum price chart seems to be forming an inverted head and shoulders pattern, which may allow the price of Ethereum to break through $4,000 again, or even rise to $5,000.

But then again, although some people are optimistic, the current situation is not good. The price of Ethereum may test the $3,000 mark again. We still have to be careful and not be carried away by market fluctuations.

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