#ETHRally The recent surge in Ethereum pushed prices above $4,600, driven by bullish sentiment and the broader momentum of the cryptocurrency market. However, the excitement waned when wallets linked to the Ethereum Foundation sold nearly 2,800 ETH, worth approximately $12.8 million, within hours.

Most of it, 1,100 ETH, was sold in just five minutes. While such transactions often generate speculation, it is known that the Foundation periodically manages its treasury to fund operations, grants, and ecosystem growth. Analysts point out that despite the size, the sale is minor compared to the liquidity and supply of Ethereum. Still, in a market driven by psychology, even routine movements from key players can influence sentiment and short-term price action.