Endaoment has offloaded 3,690 ETH, equating to 12.47 million USD, marking its first transaction in ten months. While this significant sale raises concerns over increased selling pressure, the charitable intentions behind the sale can potentially offset negative perceptions, maintaining market confidence.

Despite the sale, Ethereum continues to trade within a stable range. Indicators like RSI and MACD show bullish signs, suggesting a forthcoming price rebound. Present trends imply ETH might remain between 3,300 USD and 3,500 USD unless bulls regain control, potentially pushing values to 3,700 USD.