Retail investors have sold off 1,791 ETH, valued at approximately $4.16 million, amid a recent market rally, according to Santiment. The sell-off was observed in wallets holding 0.01 ETH or less, indicating a significant reduction in holdings over the past two days. This activity comes as Ethereum has experienced a 17% price increase since March 29, leading some to speculate that the rally may be a bull trap.