May 2 Ethereum Foundation Sells Another 10,000 ETH via OTC: Short-Term Pressure, Long-Term Strategy Proceeds are allocated to operations, protocol research and development, and ecosystem grants. While this move reflects a long-term financial strategy, it may create short-term market pressure on ETH due to concerns about increased supply. Market Outlook for the Next 4–6 Hours: Price action remains sideways around the $2,300 level and could soon test nearby support or resistance zones. Reference Trading Strategies
• Buy Scenario: Pullback to MA(7) support near $2,295 (–0.36%). Entry at $2,300.
• Sell Scenario: Touch of 24-hour resistance near $2,325 (+0.94%). Entry at $2,320.
• Take-Profit Scenario: Close positions after an additional 1.2% gain, targeting $2,331.
• Technical Zones: Strong support at $2,259–$2,272 (–1.8% to –2%); resistance at $2,325 (+0.94%). Suggested maximum leverage: 3–5x (depending on individual risk tolerance). Impact on Market Structure: Short-term selling pressure from the Foundation may create temporary downward momentum, while staking inflows and institutional accumulation continue to provide underlying support. Capital Preservation & Risk Management: Place stop-loss orders 1–2% below entry. Limit risk to no more than 1% of total capital per trade. Recent wallet withdrawal incidents highlight ongoing security vulnerabilities within the ecosystem. Will sustained ETH sales exert long-term structural pressure, or will staking activity help maintain balance? #EFSells47MInETH