there is no doubt someone/thing is offloading a large number of shares and has been for a few weeks.
The share price movement has been positive in that time though.
people/entities sell for a hundred different reasons - only one of which is they don't think it is any good and want out.
people/entities buy for only one reason - they believe they will make profit.
Personally I'm curious about the selling but the level of buying is very comforting.
From a technical perspective there is a lot traffic/resistance to get through in this band between 45-55c so the longer it grinds its way through that area the stronger the impulse out the other side will be.
Cheerio.
ETC Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held