Hey guys, you should take note of the fact that there has been more dumping by the Ethereum exodus wallet in the past week. That, by no means, has caused the collapse (the numbers are just insufficient to do that even if tossed all at one exchange). However, it does look like they may be trying to wind down their position which suggests two things: (a) they're scared; and (b) that sentiment, given how many overall coins they have, could severely exacerbate any coming downturn.
I mean, they unloaded 1200 coins around $400. They could be, and probably are, just stupid and panicked. But, their weak hands can make things scary pretty quickly.
Alternatively, they unleashed coins on Sept. 11 and 18th... they may be doing this weekly to cover costs for their project. If that's the case, then we have a little extra downside pressure every Thursday.