EthereumFoundation: Linked Wallet Sells 2,785 ETH

EthereumFoundation-linked wallets sold 2,785 ETH for $6.42M at $2,304 in the past hour, according to Lookonchain. Two additional wallets tied to the foundation moved 4,393 ETH worth $11.13M onto Kraken five hours earlier. Those addresses originally acquired 59,751 ETH directly from the foundation ten years ago when the token traded at $0.9. ETH has already fallen 9% since the prior suspected sale two weeks ago.

Price action on the 4h chart shows ETH at $2,309.18 hugging the lower Bollinger Band support at $2,302.66 while the EMA50 at $2,397.26 and EMA200 at $2,489.28 act as stacked overhead resistance. The MACD death cross at -23.39 keeps the broader structure bearish even as RSI at 34.41 sits in neutral territory, suggesting any bounce toward the upper band at $2,428.72 faces immediate selling pressure from the moving-average confluence.