#ETHRally Good afternoon. The recent rise of Ethereum has pushed prices above $4,600, fueled by optimistic sentiment and broader dynamics in the cryptocurrency market. However, the excitement was dampened when wallets associated with the Ethereum Foundation sold nearly 2,800 ETH, worth about $12.8 million, within a few hours.
The largest share – 1,100 ETH – was sold in just five minutes. Although 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 volumes, the sale is insignificant compared to the liquidity and supply of Ethereum.