Wang Chun: Offloads 6609 ETH in Fresh Trim

Wang Chun, co-founder of F2Pool, sold another 6609 ETH for $16.63 million ten hours ago, lifting cumulative reductions since the recent advance to 23378 ETH valued at $55.06 million at an average exit price of $2355.

The address still controls 65000 ETH worth $159 million plus 1000 WBTC at $77.18 million after deleveraging moves that routed tokens through Binance and repaid Spark loans.

Price action on the 4h chart shows ETH trading at $2515.52 inside the Bollinger Bands with upper resistance at $2529.07; the overbought RSI at 70.09 combined with the MACD death cross at 64.49 points to a probable retracement toward the EMA50 support at $2284.53 before any extension higher, shaping near-term ETH price prediction amid broader crypto market conditions.