The Ethereum Foundation just dumped another 10,000 ETH OTC at $2,387 per token, totaling $23.87 million, straight to treasury firm BitMNR—hot on the heels of last month's March 15 sale of 5,000 ETH at $2,043 to Bitmine OTC. This move underscores ongoing treasury adjustments as the foundation offloads holdings amid crypto market crash pressures, echoing historical OTC sales patterns over the past year that have stirred ETH price prediction debates. Traders eye this as potential fuel for bearish sentiment, especially with Bitcoin (BTC) hovering in similar volatility zones.

Zooming into the 4-hour ETH chart, price action clings to $2,321.83 in a clear bearish structure, pinned below the EMA50 resistance at $2,327.25 while the EMA200 at $2,223.09 acts as a deeper support floor that could magnetize pullbacks. MACD screams bearish with a -4.64 reading post-death cross, signaling weakening momentum, yet RSI at 46.47 stays neutral, hinting at no immediate oversold relief. Volatility squeezes inside Bollinger Bands, with upper resistance at $2,410.23 capping upside bursts and lower support at $2,274.92 offering a potential exhaustion target—expect a test of that lower band if selling pressure from foundation moves cascades, setting up a probable retracement before any macro rebound ties into broader crypto market crash narratives.