Ethereum Foundation Sells 10K ETH | Flash News Detail | Blockchain.News
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4/24/2026 4:00:00 PM

Ethereum Foundation Sells 10K ETH

Ethereum Foundation Sells 10K ETH

Ethereum Foundation dumps 10,000 ETH worth $23.87M to Bitmine via OTC, adding to 39,326 ETH sold in 3 months amid bearish ETH price trends.

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The Ethereum Foundation offloaded another 10,000 $ETH valued at $23.87 million to Bitmine through an over-the-counter deal just an hour ago, pushing total sales by the foundation and Vitalik Buterin's wallet to 39,326 $ETH or $84.56 million over the past three months, signaling persistent selling pressure in the crypto market that echoes recent Bitcoin and BTC volatility.

Zooming into the 4-hour ETH chart, price action clings to $2313.41 right below the EMA50 resistance at $2326.92, trapped in a bearish structure where the death cross on MACD at -5.31 confirms downward momentum, yet neutral RSI at 44.46 hints at no immediate oversold bounce; with trading stuck inside Bollinger Bands between upper resistance of $2410.45 and lower support at $2273.86, expect a potential breakdown toward the EMA200 at $2232.01 if this selling wave intensifies, aligning with broader ETH price prediction models forecasting crypto market crash risks in this cycle.


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