Ethereum Foundation: Unstakes 21,271 ETH

The Ethereum Foundation just unstaked 21,271 ETH valued at $49.66 million, according to on-chain data tracker Lookonchain. This move echoes the Foundation's history of periodic ETH unstaking and sales over the past year, often tied to funding decentralized app development on the platform that pioneered smart contracts and dApps. Traders eye this amid broader crypto market volatility, with some linking it to Bitcoin's recent hype cycles, though no direct correlation exists.

Zooming into the 4h ETH chart, price action clings to a bullish structure as it hovers at $2331.12, comfortably above the EMA200 at $2273.93 which acts as rock-solid long-term support. The EMA50 at $2328.24 provides immediate confluence, with MACD flashing a golden cross at 3.96 signaling sustained upward momentum. RSI sits neutral at 50.23, avoiding overbought territory, while price dances inside Bollinger Bands—upper resistance at $2366.33 caps short-term volatility exhaustion, and lower support at $2280.4 guards against dips. Expect a probe toward that upper band before any retrace, aligning with ETH price prediction models favoring continuation if BTC holds steady.