Ethereum at $2.4K crossroads: Foundation dumps, whales accumulate – What’s next?

Key Points

1. Ethereum whales accumulated 1.49 million ETH over the past 30 days, increasing their total balance by 3.72%.

2. The Ethereum Foundation has been selling 1,000 ETH daily, totaling 13,000 ETH worth $32 million, raising questions about profit-taking vs. strategic moves.

3. Binance recorded 100,000 ETH ($250 million) in inflows in a single day, indicating increased selling activity.

4. Market indecision is reflected in Ethereum's RSI Divergence Indicator at 48.62, with potential price movements hinging on whether buyers or sellers dominate.

5. If buyers prevail, Ethereum could rise to $2,548 and target $2.7K; if sellers dominate, it may drop to $2,372.