#ETHRally Recent growth in Ethereum has pushed prices above $4,600, fueled by optimistic sentiment and broader dynamics in the cryptocurrency market. However, the excitement was tempered when wallets associated with the Ethereum Foundation sold nearly 2,800 ETH, worth about $12.8 million, within a few hours.

The largest portion – 1,100 ETH – was sold in just five minutes. While such transactions often provoke speculation, the Foundation is known for periodically managing its treasury to fund operations, grants, and ecosystem growth. Analysts note that despite the volumes, the sale is insignificant compared to the liquidity and supply of Ethereum.