Why Did Ethereum Co-founder Dump 4,300 ETH?

Jeffrey Wilcke, a co-founder of Ethereum, recently sold 4,300 ETH through Kraken, amounting to $10.7 million

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In June 2023, Wilcke previously transferred 22,000 ETH, coinciding with a notable -53% market downturn

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Ethereum's charts indicate investors are in a consolidation phase following a rejection at $2,539

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Analysts anticipate a potential rally toward $3,000 unless we breach the $2,340 support level.

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