EthereumOG: Foundation-Linked Wallet Sells $17.79M ETH

@lookonchain flagged a wallet tied to the EthereumFoundation that offloaded 7,594 $ETH for $17.79 million after twelve months of dormancy. The address originally acquired 200,000 $ETH for just $61,000 during the ICO at $0.31 per token and later received an additional 42,654 $ETH grant from the foundation when the asset traded at $13.82.

On the four-hour chart, Ethereum trades at $2363.1 inside the Bollinger Bands with price pressing the upper band at $2372.88, exactly where the EMA50 also sits at $2372.94. That confluence forms immediate resistance while the EMA200 at $2475.88 caps the broader bearish structure; the neutral RSI at 54.06 and MACD golden cross at -9.09 suggest any rejection here likely funnels price toward the lower band support at $2300.25 before the next directional move.