Ethereum (ETH) Attempts a Recovery, but Heavy Selling Persists: Details

Ethereum briefly fell below $2,300 at the start of the business week before buyers stepped in over the past 24 hours, lifting the second-largest cryptocurrency to about $2,350. The recovery faces continued selling pressure from wallets linked to the Ethereum Foundation, a nonprofit that supports the Ethereum ecosystem; one such wallet sold 2,785 ETH for about $6.42 million, and another sold 7,594 ETH for about $17.8 million after a year of inactivity. Analysts cited a move out of the $2,300-$2,320 range and identified $2,400 as a key level, while cautioning that a bullish breakout is not yet confirmed.