$ETH Rally Meets a Surprise Sell-off

Ethereum surged past $4,600 recently, riding a wave of bullish momentum and broader market strength. But the excitement cooled when wallets linked to the Ethereum Foundation moved quickly to sell nearly 2,800 ETH - worth about $12.8 million - within just a few hours.

The most eye-catching moment came when 1,100 ETH changed hands in only five minutes. While such moves can trigger speculation, the Foundation has a long history of periodic treasury sales to fund operations, grants, and ecosystem development.

Market analysts point out that, in context, the sale is small compared to Ethereum’s massive liquidity and circulating supply. Still, in a space where psychology often outweighs fundamentals, even routine actions from major players can sway short-term sentiment.

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