Ethereum at $2,505 under pressure as Foundation sends $11.1M ETH to Kraken
- —ETH at $2,505, below SMA-7, SMA-15 and SMA-30
- —Volume hit $15.75B, 18.05% above the 30-day average
- —Ethereum Foundation sent $11.1M in ETH to Kraken
- —RSI at 42.9 with bearish MACD; support at $2,416
Why it matters: The Foundation's exchange deposit may add selling pressure on ETH, but no sale is confirmed — $2,416 is the key level to watch.
Source: DiarioBitcoin