ETH attempted to recover, but heavy sales remained. Details: [man on TV]

The price of the Ethereum Foundation's linked wallet continued to pressurize the market.

At the beginning of the working week,13.82 the second largest digital currency dropped below22.28 the dollar temporarily, but in the last 24 hours buyers returned to buying, making this asset trading around approx.ETH 6,400 The dollar although many analysts remain positive about its trends15.2 continued selling power from wallets linked to Ethereum Foundation, a non-profit organization that supports development and growth of the Ethereum ecosystem may hamper progress on this asset and depress investment sentiment.

It's a key market focus.
Ella, who is a user on Platform X, noted that100,000 finally broke out of the frame31,0002015 and said the four-hour chart began to show higher lows which she called a good first step. She stated that the key level now was ETH 48,500 dollars and returning above this level could cause prices to soar towards the dollar.ETH 7,594

Michael van de Poppe saw a rebound from the approximate area.2,300 The dollar was strongly moving, but did not confirm an uptrend breakthrough. He added that instead of thinking the market would see another decline, the market is in the most appropriate place to anchor itself and turn around.

Ted noted that[37] the key resistance level is in place now, and a reversal to the upside.[38] The dollar would be an important first sign of strength, while MikybullCrypto took a more positive view, telling more followers[39] people on Platform X that it was meeting at[40] the short-term dollar.

Sales are still going strong.
A major obstacle to Ethereum's apparent recovery is the ongoing selling pressure from coin-trading investors, according to a recent report by CryptoPotato One wallet linked to the Ethereum Foundation has sold ETH a number 2,785 of coins at an estimated value 6.42 million dollars.

Shortly thereafter, another investor did the same thing by selling ETH 1,500 coins worth about 3.5 million dollars. After being inactive for nine years, this investor bought 100,000 coins at a price of only 31,000 dollars through an initial coin offering in 2015 and still holdsETH 48,500 approximately 112 million dollars

A few hours earlier, Lookonchain disclosed that another investor linked to the Ethereum Foundation had sold ETH 7,594 coins for approximately $19 million after a year of inactivity.

Arthur Hayes, co-founder of BitMEX also added to the selling pressure by earlier this month trading altcoins worth an estimated $25 million including $26.5 million in cash.

What's next?
Selling power from wallets linked to the Ethereum Foundation and from other income investors is also a factor that could cause a post-price rally to collapse.2,300 The dollar then goes back up for close trading.2,350 The dollar is unclear at what level.2,400 The dollar and2,440 the dollar will be used by the market as an indicator of its progression,92,000 while penetration in the downtrend has yet to be confirmed.3,600