Ethereum Foundation: Sells $6.42M ETH via CoWSwap
The Ethereum Foundation sold 2,785 ETH worth approximately $6.42 million for USDS through CoWSwap, according to on-chain data shared by Onchain Lens.
SourceAnalysis
Ethereum Foundation transferred 2,785 ETH valued at $6.42 million into USDS via CoWSwap from address 0x5CBC6299faB3320E7758ac97fd4CA45E5B722059.
ETH trades at $2308.06 on the 4-hour chart inside a bearish structure defined by the EMA50 at $2397.21 and EMA200 at $2489.27. The MACD death cross at -23.48 reinforces downside momentum while RSI at 34.23 sits neutral. Price hugs the lower Bollinger Band support at $2302.39 with upper resistance at $2428.88, suggesting any bounce toward the EMA50 will likely meet selling pressure before the next leg lower.
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