Ethereum Price Prediction: Smart Money Trap On The Monthly Chart As Foundation Sells Another 10,000 ETH
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Ethereum trades at $2,302, below the Bollinger midline ($2,324) with SAR at $2,403 and lower band support at $2,240; daily closes haven’t cleared the midline since late April, signaling technical weakness. - Ethereum Foundation executed another OTC sale: 10,000 ETH to BitMine at $2,292 — its third OTC sale and 25,000 ETH sold since March, adding supply pressure and affecting crypto liquidity/OTC/CEX flows. - Smart Money divergence: Bitcoin cleared the February range high in April while ETH failed to close above ~$2,500, highlighting relative weakness for ETH vs BTC and downside risk for DeFi/token performance.
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- ETH trades at $2,302, up 0.32%, below the Bollinger midline at $2,324 and SAR at $2,403 with lower band at $2,240 as key support.
- Ethereum Foundation sold another 10,000 ETH to BitMine at $2,292, its third OTC sale totaling 25,000 ETH since March.
- ETH failed the February range high while Bitcoin cleared it in April, a Smart Money divergence pointing to continued relative weakness.
Bitcoin captured liquidity above the February monthly range high in April. ETH ran toward $2,500, failed to close above the same level, and returned to range. That divergence is the most important thing happening on the ETH chart right now, and it sits underneath a daily setup that has not managed a close above the Bollinger midline since late April.
ETH Daily Chart: Below The Midline, SAR Still Pointing Down
The Bollinger midline at …
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