Ethereum’s oldest wallets are selling into the $1,500 demand line buyers cannot dodge

Four long-dormant Ethereum wallets have turned ETH’s latest drawdown into a cleaner test of buyer conviction. The wallets received 37,602 ETH about eight years ago and have remained quiet amid much larger unrealized gains. They have now moved 33,623 ETH, worth roughly $52.5 million, according to Lookonchain, at an average price of around $1,560. ETH was trading near $1,575 at the time. The sale puts a sharper edge on…