Ethereum Foundation: Sells 2785 ETH via Cowswap

Ethereum Foundation linked address 0x5CB…22059 sold 2785 ETH for $6.42 million through Cowswap two hours ago.

The move follows the entity's October 12 deposit at $2534, with prices now down nearly 9%.

ETH trades at $2323.84 inside its Bollinger band on the 4h chart, with price testing upper resistance at $2427.69 while the 50-EMA sits at $2394.19 and the 200-EMA at $2487.98. The MACD death cross at -23.88 keeps the structure bearish, so any bounce into the $2427 zone likely meets selling before a deeper test of the $2296.65 lower band support.