ETHEREUM FOUNDATION-LINKED WALLET DUMPS ANOTHER 2,000 ETH ($3.87M) AS PRICE SLIPS BELOW $2,000 — BOTTOM PUMP OR FURTHER DUMP?
Selling pressure is hitting Ethereum order books once again right as $ETH loses the critical $2,000 psychological threshold.
On-chain tracking confirms that Ethereum Foundation-linked wallet 0x5CBC offloaded another 2,000 $ETH—valued at roughly $3.87 million—via CoW Protocol into USDS stablecoins. This brings the address's cumulative sales since October 26 to 6,785 $ETH (~$14.45 million), leaving roughly 21,247 $ETH ($41.1 million) still sitting in the wallet.
The historical correlation has traders on edge:
Oct 12: $ETH dropped 9% following suspected Foundation-linked selling.
Oct 26: ETH fell 7.7\% after a 2,785ETH (~$6.4M) swap.
Nov 10–11: ETH slid 10.4\% after consecutive 1,000ETH sales.
Nov 13 (Today): The 4th major sale just hit the tape as $ETH hovers below $2,000.
This should lean as a bearish short-term warning for $ETH as persistent treasury distribution weighs on fragile spot sentiment.
Here is the exact detail retail traders completely miss: while a $3.87 million swap represents less than 0.1% of daily global $ETH trading volume, the timing creates a severe psychological overhang. The Foundation executes routine sales under its treasury policy to maintain a 2.5-year fiat operational buffer. However, when sales hit into a weak market right as $ETH breaks below $2,000, perpetual traders immediately front-run the headline, triggering leveraged long liquidations toward the next major technical support at $1,923.
The real structural danger for retail traders is catching falling knives above $1,923 while the Foundation-linked address still holds over 21,247 $ETH in reserve. Until buyers defend $1,923 with spot volume, every relief bounce faces heavy overhead resistance.
Do you think $ETH holds the $1,923 support zone, or will ongoing Foundation sales drag price even lower?
Track the Foundation-linked wallet flows directly on-chain—this is the address, use it wisely:
0x5CBC6299faB3320E7758ac97fd4CA45E5B722059
Selling pressure is hitting Ethereum order books once again right as $ETH loses the critical $2,000 psychological threshold.
On-chain tracking confirms that Ethereum Foundation-linked wallet 0x5CBC offloaded another 2,000 $ETH—valued at roughly $3.87 million—via CoW Protocol into USDS stablecoins. This brings the address's cumulative sales since October 26 to 6,785 $ETH (~$14.45 million), leaving roughly 21,247 $ETH ($41.1 million) still sitting in the wallet.
The historical correlation has traders on edge:
Oct 12: $ETH dropped 9% following suspected Foundation-linked selling.
Oct 26: ETH fell 7.7\% after a 2,785ETH (~$6.4M) swap.
Nov 10–11: ETH slid 10.4\% after consecutive 1,000ETH sales.
Nov 13 (Today): The 4th major sale just hit the tape as $ETH hovers below $2,000.
This should lean as a bearish short-term warning for $ETH as persistent treasury distribution weighs on fragile spot sentiment.
Here is the exact detail retail traders completely miss: while a $3.87 million swap represents less than 0.1% of daily global $ETH trading volume, the timing creates a severe psychological overhang. The Foundation executes routine sales under its treasury policy to maintain a 2.5-year fiat operational buffer. However, when sales hit into a weak market right as $ETH breaks below $2,000, perpetual traders immediately front-run the headline, triggering leveraged long liquidations toward the next major technical support at $1,923.
The real structural danger for retail traders is catching falling knives above $1,923 while the Foundation-linked address still holds over 21,247 $ETH in reserve. Until buyers defend $1,923 with spot volume, every relief bounce faces heavy overhead resistance.
Do you think $ETH holds the $1,923 support zone, or will ongoing Foundation sales drag price even lower?
Track the Foundation-linked wallet flows directly on-chain—this is the address, use it wisely:
0x5CBC6299faB3320E7758ac97fd4CA45E5B722059
