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Ethereum Foundation sells 2,785 ETH near $2,300 support amid price decline

Market News
26 Oct 2026
Blockonomi
View Source
Bearish
Ethereum Foundation sells 2,785 ETH near $2,300 support amid price decline

The Ethereum Foundation sold 2,785 ETH for about $6.42 million in USDS via CoW Swap, coinciding with Ethereum trading near the $2,300 support level. Ethereum's price dropped 1.17% in 24 hours and 4.58% over the past week, with analysts watching if buyers can reclaim $2,360 to signal recovery. Despite price weakness, Ethereum leads in total value locked (TVL) in DeFi, while Solana dominates decentralized exchange volume. The Foundation's sale adds a notable treasury transaction but does not explain the price decline or future use of proceeds.

As of Oct 26, 2026 15:21 WIB, Ethereum trades at Rp41.747.642 on Pluang, down 1.22% in the last day, closely tracking the reported price weakness near $2,300. Despite this, Ethereum maintains a strong market presence with a market cap of Rp5.124,34 trillion and Pluang order activity showing 84% of users buying. Meanwhile, Solana is priced at Rp1.814.616, down 1.02%, with a market cap of Rp1.075,26 trillion, highlighting Ethereum's dominant position in market value.

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