<ul data-eligibleForWebStory="false"><li>Ethereum has surged 16.7% in the past week and over 8% in the last 24 hours amidst a broader cryptocurrency market rally with Bitcoin hitting a new all-time high above $118,000.</li><li>The Ethereum Foundation sold 1,210 ETH for $3.5 million USDC at an average price of around $2,890, prompting concerns as it typically sells during market rallies, often indicating local tops.</li><li>ETH's price is currently above $3,000 for the first time since late February 2025.</li><li>Despite the sale possibly signaling a market top, it's not always a reliable indicator, as seen in past instances when ETH sales preceded price peaks in the following months.</li></ul>

Top Signal? Ethereum Foundation Sells $3.5 Million in ETH at $2900

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