FG Nexus moved 10,000 ETH valued at $18.16 million into Galaxy Digital four hours ago, extending its exit from the corporate Ethereum treasury strategy.

The firm acquired 50,600 ETH last August and September at a $3,940 average during the DAT company wave for roughly $200 million. It has since offloaded 38,300 ETH at a $2,329 average, locking in $88.83 million in realized losses.

ETH price action on the four-hour chart sits at $1,770.6 and presses the lower Bollinger band support at $1,760.62 while RSI at 23.71 signals deep oversold readings. The EMA50 at $1,970.73 and EMA200 at $2,129.93 maintain a firm bearish ceiling, and the MACD death cross at minus 56.09 keeps downside pressure intact ahead of any relief bounce.