• An Ethereum Foundation-linked wallet reportedly sold 2,000 ETH, as total reported sales hit $14.45M.
  • The Foundation targets a 2.5-year operating buffer but has not confirmed these sales.
  • Ethereum slipped below $2,000, with weekly support marked at roughly $1,853.62.

A large ETH sale has been traced to a wallet associated with the Ethereum Foundation, this time involving 2,000 ETH worth about $3.87 million. The transaction, flagged by on-chain analyst ai_9684xtpa on November 13, came as Ether slipped below the $2,000 level.

According to the reports, the address has sold 6,785 ETH since October 26, bringing the reported value of those sales to approximately $14.45 million. Despite the selling, the wallet still holds 21,247 ETH, worth around $41.1 million.

Ethereum Foundation-Linked Sales Raise Treasury Questions

Transaction records show transfers of 1,000 ETH through CoW Protocol, adding to a series of sales recorded since late October. What remains unclear is why the ETH was sold. The address has been associated with the Ethereum Foundation, but that connection alone does not confirm who authorized the transactions or how the proceeds were intended to be used.

The Foundation has previously outlined how it handles such sales. In its June 2025 treasury policy, the organization said it aims to maintain enough reserves to cover 2.5 years of operating expenses. The policy allows ETH to be sold periodically when those reserves need replenishing, including through on-chain swaps.

That could explain the latest activity as routine treasury funding. However, the available records do not tie these particular transactions to the Foundation’s operating budget. They also provide no evidence that the sales were intended to reduce exposure as ETH prices declined.

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Ethereum Price Tests $1,853 Support as Weekly Losses Deepen

The selling comes during a difficult week for Ethereum. On the Binance weekly chart, ETH traded near $1,957.39, leaving the developing candle down 7.99%. Earlier in the week, ETH opened around $2,127.46 and climbed to $2,160.50. That recovery was, however, short-lived, with the price later falling to $1,895.95.

The decline placed ETH closer to support at $1,853.62. A break below that level would bring the wider $1,400–$1,600 demand zone into view. Meanwhile, for a recovery, ETH would first need to reclaim $2,000. Beyond that, the chart identifies resistance at $2,807.34, followed by $3,402.89.

Key Ethereum (ETH) Price Levels

Bullish Case

An ETH recovery above $2,000 could ease selling pressure. Further gains would bring $2,807 into focus.

Bearish Case

Meanwhile, failure to defend $1,853 could extend losses toward the $1,400–$1,600 demand zone.

FAQs

The wallet reportedly sold 6,785 ETH worth $14.45 million since October 26.

The wallet’s motive remains unconfirmed. However, treasury funding is one possible explanation.

Ethereum’s weekly chart identifies $1,853.62 as the immediate support level.

Yes, Ethereum could reclaim $2,000 if buying pressure strengthens and selling eases.

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