F2Pool Co-Founder: Sells 6,200 wstETH for $18.5M

F2Pool co-founder Wang Chun sold 6,200 wstETH (7,740.2 ETH) at a $2,390 average during the 11 PM to midnight window when ETH climbed from $2,315 to $2,440, converting the position into 18.5 million USDC before routing the stablecoins to Binance.

Price now trades at $2422.07 inside the Bollinger band with upper resistance at $2429.32 and the 50-EMA support at $2312.22; the RSI(14) at 70.48 flashes overbought while the MACD golden cross remains intact, suggesting any healthy pullback would likely target the 50-EMA before the next leg higher.