Ethereum Foundation: Sends 2469 stETH to Argot Collective

Ethereum Foundation executed a 2469 stETH transfer valued at $4.34 million to Argot Collective on July 5 2026, marking the fourth tranche of a five-year operational grant that began with 7000 ETH in July 2025; Argot previously sold 4826.6 ETH at an average $3194 to secure 15.417 million USDC for runway. The final 2469 stETH installment is scheduled for July 2027. ETH price prediction models must now factor this steady non-profit outflow against on-chain accumulation. With price at $1764.65 sitting above the EMA50 support at $1686.69 yet inside the Bollinger band whose upper resistance rests at $1815.79, the neutral RSI reading of 63.78 combined with the MACD death cross at 36.51 points to a probable retracement toward the EMA50 before any sustained push higher.