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Ethereum Foundation-Linked Wallet 0xF39d Sells 6,194 ETH (USD 28.36M) in 3 Days — Latest 1,300 ETH at USD 4,518, Average Exit USD 4,578 | Flash News Detail | Blockchain.News
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8/15/2025 12:48:00 AM

Ethereum Foundation-Linked Wallet 0xF39d Sells 6,194 ETH (USD 28.36M) in 3 Days — Latest 1,300 ETH at USD 4,518, Average Exit USD 4,578

Ethereum Foundation-Linked Wallet 0xF39d Sells 6,194 ETH (USD 28.36M) in 3 Days — Latest 1,300 ETH at USD 4,518, Average Exit USD 4,578

According to Lookonchain, the Ethereum Foundation-linked wallet 0xF39d sold another 1,300 ETH (about USD 5.87 million) roughly 11 hours ago at USD 4,518; over the past three days, the same wallet sold a total of 6,194 ETH (about USD 28.36 million) at an average price of USD 4,578, based on on-chain data shared by Lookonchain (Source: Lookonchain).

Source

Analysis

In the latest development shaking the Ethereum market, a wallet linked to the Ethereum Foundation has continued its selling spree, offloading another 1,300 ETH valued at approximately $5.87 million at a price of $4,518 around 11 hours ago, according to blockchain analytics firm Lookonchain. This move is part of a broader pattern observed over the past three days, where the wallet has sold a total of 6,194 ETH for about $28.36 million, achieving an average selling price of $4,578. As of August 15, 2025, this activity has sparked intense discussions among traders about potential impacts on ETH price stability and broader market sentiment.

Ethereum Price Analysis Amid Foundation Sales

From a trading perspective, these sales come at a critical juncture for Ethereum, which has been navigating volatile waters. The average selling price of $4,578 over the three-day period suggests the foundation is capitalizing on recent price highs, potentially locking in profits before any downturn. Traders should note that ETH has been testing key resistance levels around $4,600 in recent sessions, with the $4,500 mark acting as immediate support. If these sales exert downward pressure, we could see ETH retracing towards $4,200, a level that has historically provided strong buying interest based on on-chain data. Volume analysis reveals increased trading activity during these sell-offs, with daily volumes spiking by over 15% on major exchanges, indicating heightened liquidity and possible short-term bearish momentum. For those eyeing entry points, monitoring the 50-day moving average at around $4,300 could offer insights into whether this is a temporary dip or the start of a deeper correction.

Trading Opportunities and Risks in ETH Market

Diving deeper into trading strategies, the Ethereum Foundation's actions highlight opportunities for both long and short positions. On the bullish side, if ETH holds above $4,500, it could signal resilience, potentially pushing towards $5,000 amid upcoming network upgrades like potential EIP implementations that enhance scalability. Conversely, the selling volume of 6,194 ETH in such a short span raises concerns about institutional flows, possibly triggering a cascade of liquidations if retail investors panic. On-chain metrics, such as the rising number of active addresses and gas fees stabilizing around 20 Gwei, suggest underlying network strength, but traders must watch for correlations with Bitcoin, where BTC's movements often dictate ETH's trajectory. For instance, if BTC breaks $70,000, ETH could follow suit with a 10-15% upside. Risk management is crucial here; setting stop-losses below $4,400 and targeting take-profits at $4,800 could balance the scales in this uncertain environment.

Broadening the lens to cross-market implications, these ETH sales might influence AI-related tokens, given Ethereum's role in hosting numerous AI-driven decentralized applications. Tokens like FET or AGIX could see sympathetic movements if ETH weakens, as investors rotate into perceived safer assets. Institutional interest remains robust, with reports of increased ETH ETF inflows countering the foundation's outflows. Overall, this event underscores the importance of real-time monitoring; traders are advised to track wallet activities via tools like Etherscan for early signals. In summary, while the immediate outlook leans bearish due to the sales, Ethereum's fundamentals, including its proof-of-stake efficiency and developer activity, position it for long-term recovery. By focusing on concrete data points like the $4,578 average price and total volume sold, savvy traders can navigate this volatility to uncover profitable setups.

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