Retail investors are aggressively selling ETH, and this situation is rather a bullish signal, according to on-chain analytics firm Santiment. The firm stated, "Retail investors holding less than 0.01 ETH have dumped 1791 ETH in the past two days, totaling $4.16 million. Investors perceive ETH's approximately 19% rise since March 29 as a bull trap (fake rally), and this perception actually acts as a factor increasing the likelihood of continued upward movement. Profit-taking and selling are bullish signals," it emphasized.
