On August 28th, according to Spot On Chain statistics, ETH has fallen sharply twice in the past month (a cumulative decline of 23.5%). Here are the four key forces that could lead to the recent sell-off: Ethereum Foundation: Sold 35,400 ETH (~ $95 million) and still holds 275,000 ETH (~ $677 million). 2. Jump Trading: Sell 88,900 ETH (~ $276 million) and still hold 53,600 ETH (~ $132 million). 3. IC0-related whale "0xe17": Sold 48,500 ETH (~ $154 million), still holding 303,000 ETH (~ $751 million). 4. Long-term holding of whale "0x682": sold 25,000 ETH (~ $73.9 million), still holding 41,600 ETH (~ $103 million).