Ethereum Foundation: Receives $22.92M USDC

An Ethereum Foundation wallet snagged $22.92 million USDC from Coinbase Prime just five hours ago, sparking buzz that this ties back to last week's OTC sale of 10,000 ETH to Bitmine. Traders eye this inflow as potential liquidity play in volatile crypto market movements, especially with Bitcoin (BTC) hovering in similar bearish waters, fueling ETH price prediction debates amid broader crypto wallet activity scrutiny.

Zooming into the 4-hour ETH chart, price action at $2262.2 tests the EMA200 support around $2252.16 while the EMA50 looms as resistance at $2298.66 in this bearish trend. MACD screams death cross with a -15.49 reading, confirming downside momentum, yet neutral RSI at 43.27 hints at no immediate oversold panic. Volatility squeezes inside Bollinger Bands, with upper resistance at $2330.19 capping rallies and lower support at $2227.91 acting as the floor—expect a probe lower toward that band edge before any rebound, aligning with institutional flows like this Foundation move pressuring ETH price prediction lower in the short term.