Ethereum Hits $2.4K Amid Whale Accumulation—While Foundation Cashes Out
Whales are gobbling up ETH as the price holds steady at $2.4K—but the Ethereum Foundation just triggered sell alarms. Here's the breakdown.
Whales Dive In, Foundation Bails Out
While crypto's big players quietly stack Ethereum, its own foundation is dumping holdings. Classic 'do as we say, not as we do' energy.
Price Holds Firm—For Now
The $2.4K level becomes a battleground: institutional accumulation vs. insider sell pressure. Meanwhile, retail traders meme about 'number go up' between coffee breaks.
Smart Money vs. Dumb Money?
Whales accumulating at this level suggests long-term conviction. The foundation selling? Either genius tax planning or another 'we know something you don't' moment in crypto's theater of the absurd.
Whales Accumulate Over 1.49 Million ETH
Despite Ethereum’s flat performance recently, large investors appear to be betting on a rebound. According to data from, whale wallets have accumulated overin the last 30 days, marking a 3.72% increase in their total holdings. This accumulation isn’t a one-time spike either; it’s a steady upward trend that indicates growing confidence from seasoned players.
A closer look reveals that on, whales purchased, exceeding the 585,000 ETH sold that day. As a result, thesurged from 9,800 ETH to over 119,000 ETH. Historically, such buying activity signals that whales are positioning themselves ahead of a potential market move, likely anticipating a rally.
Meanwhile, the Ethereum Foundation Sells $32 Million Worth
In stark contrast to the whales’ quiet accumulation, thehas been actively selling. As tracked by Lookonchain, the Foundation has been transferring, valued at approximately, to a multisig wallet. To date, they’ve sold around, totaling overin just the past few weeks.
This selling spree has raised eyebrows in the crypto community. While some interpret it as routine treasury management, others see it as a cautious signal from Ethereum’s core development team — possibly anticipating further market weakness or preparing for internal funding needs.
Retail and Institutions Also Lean Bearish
Adding more weight to the selling pressure, data from CryptoQuant shows a notable increase in. In one of the most significant moves,—worth about—in a single day. This kind of large exchange inflow typically suggests that holders are preparing to sell, a pattern often followed by short-term price drops.
This trend is especially concerning given that such movements are not backed by a surge in new capital inflows. Without fresh demand, the selling pressure could intensify, pushing prices lower in the NEAR term.
Technical Indicators Reflect Market Uncertainty
Ethereum’sstood atat press time. This neutral reading reflects a market in consolidation, lacking strong bullish or bearish momentum. Traders appear to be waiting for a clear catalyst — whether a surge in buying or another round of heavy selling.
This balanced RSI reading confirms what price action has shown over the past few weeks: ethereum is, caught between upward pressure from whales and downward drag from retail and institutional sellers.
What Comes Next for Ethereum?
The path ahead for Ethereum depends heavily on which group maintains control — the accumulating whales or the selling cohort that includes the Ethereum Foundation and retail traders.
If whale buying persists and retail selling dries up, Ethereum could reclaimand potentially break out toward thelevel. Such a move WOULD likely be driven by a combination of reduced sell pressure and renewed confidence in the market.
However, if selling continues to dominate — particularly from large entities like the Foundation — ETH may break below its current consolidation range, with a possible downside target around. This would reflect a rejection of the current support zone and signal further weakness in the short term.
For now, the market remains at a tipping point, and all eyes are on the $2.4K level. Whether Ethereum breaks upward or downward, this standoff between bullish and bearish forces is set to shape its next major move.
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