Ethereum briefly fell below $2,300 at the start of the week before rebounding to around $2,350 as buyers stepped in. Analysts identified $2,400 as a key level, with a break above it potentially opening the way to $2,440, while MikybullCrypto forecast $3,600 in the short term. The recovery is being constrained by substantial selling, including 7,594 ETH worth about $17.8 million from a wallet linked to the Ethereum Foundation after a year of inactivity. Another investor sold 1,500 ETH for roughly $3.5 million after nine years of inactivity, while Arthur Hayes dumped 6,400 ETH worth about $15.2 million earlier this month.
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