Ethereum Faces $2.4K Resistance as Foundation Sells 10K ETH in OTC Market Move

TLDR: Ethereum trades near $2.3K, staying below the weekly 200 MA and EMA, with $2.4K acting as key resistance. CryptosRus reports the Ethereum Foundation sold 10,000 ETH OTC at $2,387, totaling about $23.9M to BitMine. OTC transaction signals institutional absorption of ETH liquidity, reducing immediate exchange-side selling pressure. Price remains in a broader downtrend, with [...]

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