Ethereum Rebounds to $2,350 but Selling Pressure Persists
- —An Ethereum Foundation-linked wallet sold 7,594 ETH worth $17.8 million after a year of inactivity
- —Another foundation-linked address previously offloaded 2,785 ETH for $6.42 million
- —An ICO-era investor dumped 1,500 ETH worth $3.5 million after nine years idle
- —Analysts see $2,400 as the first sign of a recovery for ETH
Why it matters: Continued selling by early holders and the foundation could cap ETH's rebound and keep the price below $2,400.
Source: CryptoPotato