๐ #ETHRally โ Ethereum Surges Past $4,600!
Ethereum recently broke above $4,600, fueled by strong bullish momentum and an upbeat overall crypto market. ๐ฅ
But the excitement took a slight pause when Ethereum Foundation wallets sold nearly 2,800 ETH (~$12.8M) within hours โ including 1,100 ETH offloaded in just 5 minutes! โฑ๏ธ
While such moves can trigger speculation, the Foundation regularly conducts treasury management to fund operations, grants, and ecosystem growth ๐ฑ. Analysts stress that the sale is tiny compared to Ethereumโs vast liquidity and supply โ meaning itโs not a red flag, just business as usual.
Still, in a market where psychology drives price, even routine moves by major players can shift sentiment and influence short-term action. ๐
Bottom line: $ETH remains strong, but all eyes are on whether bulls can maintain momentum in the days ahead.