Looking at Ethereum holders distribution it seems that everyone is buying the dip:

Could be that they are swapping risky assets to blue chips, to Ether.

Historically speaking we've seen a similar pattern in back September, they just bought the dip and we dumped.

So taking profits from altcoins and moving back to blue chips could probably mean the end of the rally for some time.

Chart: https://app.santiment.net/s/618qjzC-