#ETHRally
Ethereum’s recent rally pushed prices above $4,600, fueled by bullish sentiment and broader crypto market momentum. However, excitement was tempered when Ethereum Foundation linked wallets sold nearly 2,800 ETH, worth about $12.8 million, within hours.
The largest chunk is 1,100 ETH was sold in just five minutes. While such transactions often spark speculation, the Foundation is known for periodic treasury management to fund operations, grants, and ecosystem growth. Analysts note that despite the size, the sale is minor compared to Ethereum’s liquidity and supply. Still, in a market driven by psychology, even routine moves by key stakeholders can nudge sentiment and short-term price action.