#ETHRally A recent surge in Ethereum pushed prices above $4,600, fueled by optimistic sentiment and the broader momentum of the cryptocurrency market. However, the excitement was tempered when wallets linked to the Ethereum Foundation sold nearly 2,800 ETH, valued at about $12.8 million, in just a few hours.

Most of it, 1,100 ETH, was sold in just five minutes. Although such transactions often spark speculation, the Foundation is known for its periodic treasury management to fund operations, grants, and ecosystem growth. Analysts note that, despite the size, the sale is smaller compared to Ethereum's liquidity and supply. Even so, in a psychologically driven market, even routine moves by key stakeholders can influence sentiment and short-term price action.