The majority of analysts in the cryptocurrency sector have attributed the decline in the price of ETH to the sell off of ERC20 blockchain projects that have raised millions of dollars in ETH in their token sales, as the price of ETH started to fall and the cryptocurrency market entered a major bear market, analysts have said that ERC20 projects started to sell their ETH holdings, causing ETH to experience a more intense downtrend than other major cryptocurrencies. It is evident that the decision of ERC20 projects on Ethereum to sell large amounts of ETH in panic largely contributed to the downtrend of ETH. Now, after the massive selling, many investors attract the price of ethereum and starting to buy many coins. this leads to push the price up again.