ETHEREUM FOUNDATION SELLS 7,500 ETH ($14.52M) IN 4 DAYS AS ETH BREAKS BELOW $1,850 — CAPITULATION BOTTOM PUMP OR FURTHER DUMP?
Relentless treasury offloading just pushed Ethereum below the $1,850 mark as the Ethereum Foundation accelerates its stablecoin conversion streak.
On-chain tracking confirms that Foundation-linked wallet 0x5CBC just swapped another 2,500 $ETH (~4.71M) for 4.597 millionUSDS via CoWSwap, immediately routing the proceeds into a multisignature Safe wallet. Across the past four days alone, the wallet has offloaded 7,500 $ETH for roughly 14.52 million USDS, pushing cumulative sales since late October past 10,000ETH.
This should lean as a bearish short-term warning for $ETH as persistent Foundation selling weighs heavily on fragile spot order books.
Here is the exact detail retail traders miss: while executing swaps through CoWSwap protects the Foundation from MEV sandwich attacks, solvers still hedge and rebalance that $ETH inventory across centralized spot and perpetual order books. Every time a 1,000 to 2,500 $ETH tranche hits CoWSwap into a weak market, perpetual traders immediately front-run the alert, triggering cascading long liquidations that accelerate the drop below key support levels like $1,850.
The real structural danger for retail traders is aping into high-leverage $ETH longs simply because price looks oversold under $1,850. Until the Foundation pauses its daily $USDS conversions and spot buyers reclaim $1,900 with real volume, every relief bounce faces immediate overhead resistance.
Do you think $ETH finds a floor below $1,850, or will ongoing Foundation sales drag price even lower?
Track the Ethereum Foundation's on-chain swaps directly—this is the address, use it wisely:
0x5CBC6299faB3320E7758ac97fd4CA45E5B722059
#WhatWillDriveCryptoandStocks’NextRebound?
Relentless treasury offloading just pushed Ethereum below the $1,850 mark as the Ethereum Foundation accelerates its stablecoin conversion streak.
On-chain tracking confirms that Foundation-linked wallet 0x5CBC just swapped another 2,500 $ETH (~4.71M) for 4.597 millionUSDS via CoWSwap, immediately routing the proceeds into a multisignature Safe wallet. Across the past four days alone, the wallet has offloaded 7,500 $ETH for roughly 14.52 million USDS, pushing cumulative sales since late October past 10,000ETH.
This should lean as a bearish short-term warning for $ETH as persistent Foundation selling weighs heavily on fragile spot order books.
Here is the exact detail retail traders miss: while executing swaps through CoWSwap protects the Foundation from MEV sandwich attacks, solvers still hedge and rebalance that $ETH inventory across centralized spot and perpetual order books. Every time a 1,000 to 2,500 $ETH tranche hits CoWSwap into a weak market, perpetual traders immediately front-run the alert, triggering cascading long liquidations that accelerate the drop below key support levels like $1,850.
The real structural danger for retail traders is aping into high-leverage $ETH longs simply because price looks oversold under $1,850. Until the Foundation pauses its daily $USDS conversions and spot buyers reclaim $1,900 with real volume, every relief bounce faces immediate overhead resistance.
Do you think $ETH finds a floor below $1,850, or will ongoing Foundation sales drag price even lower?
Track the Ethereum Foundation's on-chain swaps directly—this is the address, use it wisely:
0x5CBC6299faB3320E7758ac97fd4CA45E5B722059
#WhatWillDriveCryptoandStocks’NextRebound?
