The Ethereum Foundation just dumped another massive batch, transferring 10,000 ETH—valued at $23.13 million—to a new address via OTC sale to Bitmine, as confirmed by their official channels. This pushes their cumulative sales since March 15 to 20,000 ETH, with the latest move happening minutes ago from their DeFi address. Traders eye this as fresh supply pressure on ETH, especially after they wrapped up a separate 5,000 ETH sale plan over three days, netting $11.12 million at an average price of $2,225. Over the last six months, these foundation moves have coincided with volatile swings in the crypto market, often triggering short-term dips that savvy players exploit for entries, much like the Bitcoin halvings that stabilized BTC amid similar institutional sells.

Zooming into the 4-hour chart, ETH trades at $2,307.72 in a clear bearish structure, with price hugging below the EMA50 at $2,326.89 acting as immediate resistance while the EMA200 at $2,231.27 provides deeper support that could cap downside if sellers pile on. MACD shows a death cross with a -5.42 reading, signaling weakening momentum, yet RSI at 43.43 stays neutral, hinting at no extreme exhaustion yet. Price sits inside the Bollinger Bands, testing the lower support near $2,272.67 as a potential exhaustion point, but a break below could accelerate toward EMA200 confluence—I'd watch for a rebound if volatility contracts, positioning for an ETH price prediction favoring retracement before any upside push in this crypto market downturn.