Ethereum-Linked Wallet Sells 2,000 ETH as Price Slips

A wallet associated with the Ethereum Foundation reportedly sold 2,000 ETH worth about $3.87 million on Nov. 13, while Ether traded below $2,000. The reported sales from the address since Oct. 26 now total 6,785 ETH, valued at about $14.45 million.

On-chain records show that the latest transactions used CoW Protocol, including transfers of 1,000 ETH. The address held 21,247 ETH, worth about $41.1 million, after the reported sale.

The address has been linked to the Ethereum Foundation, but that connection does not establish who authorized the transactions or how the proceeds will be used. Available transaction records contain no official explanation for the sales.

The Foundation’s treasury policy, published in June 2025, says it aims to maintain reserves covering 2.5 years of operating expenses. The policy permits periodic ETH sales to replenish those reserves, including through on-chain swaps. Available records do not link these reported transactions directly to the Foundation’s operating budget.

Ether traded near $1,957.39 on Binance’s weekly chart, with the developing weekly candle down 7.99%. The token opened the week at about $2,127.46 and reached as high as $2,160.50 before falling to approximately $1,895.95.

The chart marks $1,853.62 as the immediate support level. The $1,400-$1,600 range is identified as a broader demand zone. Resistance levels appear near $2,807.34 and $3,402.89, with $2,000 marked as a psychological level.

Reviewed and fact-checked by Alex Panasenko on November 13.