Ethereum Foundation Sells 10,000 ETH

The Ethereum Foundation offloaded another 10,000 $ETH valued at $22.92M to Bitmine through an OTC deal just seven hours ago, per on-chain tracker Lookonchain. This move piles onto a three-month selling spree where the Foundation and vitalik.eth (@VitalikButerin) unloaded a total of 49,326 $ETH for $107.48M at an average price of $2,179, fueling debates on ETH price prediction and potential crypto market crash signals amid broader Bitcoin (BTC) trends.

Zooming into the 4-hour chart, ETH trades at $2298.34 in a bearish structure, hugging the EMA50 at $2298.71 as immediate resistance while the EMA200 at $2253.57 anchors deeper support. Momentum sits neutral with RSI at 52.51, but MACD's golden cross at -2.04 hints at budding bullish reversal potential. Price coils inside Bollinger Bands, eyeing upper resistance at $2333.75 for a breakout or retrace to lower support at $2230.02 if volatility exhausts—watch for confluence here as sellers defend the range, mirroring recent Ethereum Foundation ETH sales pressure.