Ethereum Foundation sells more ETH as price falls below $2,000: What’s next?

Ethereum's price has fallen below $2,000 as a wallet identified by blockchain analysts as linked to the Ethereum Foundation sold another 2,000 ETH worth approximately $3.87 million, while other large holders made opposing trades. Ethereum price fell below $2,000, trading near $1,938 as the cryptocurrency lost approximately 5.3% in 24 hours. Lookonchain identified an Ethereum Foundation-linked wallet selling another 2,000 ETH worth approximately $3.87 million. Onchain Lens reported that a whale swapped 16,700 ETH and received $30.94 million in USDT. Another Ethereum whale bought 10,380 ETH worth $19.91 million despite holding $11.3 million in unrealized losses. CoinGlass recorded approximately $288 million in ETH liquidations, with long positions accounting for nearly 90%. crypto.news price data showed ETH trading near $1,940 at the time of reporting, down approximately 5% in 24 hours.

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