1M ETH disposal by the EOS team is substantial, especially if they didn't do it OTC.
It could also be very likely that speculators who bought pre-Consensus expected a rally post event, but that didn't occur (mentioned in my previous article in "What Happend" section). Hence the covering of long positions.
But pull-backs are always good for value investing. The last few days were great for accumulating for longer term plays.