Ethereum Foundation Converts 100 ETH to DAI Amidst Significant September Sales

ETH

ETH/USDT

$1,866.75

+1.26%

$1,866.75

+1.26%

(24s)

24h Volume

$3,929,570,803.49

24h H/L

$1,877.33 / $1,837.58

Change: $39.75 (2.16%)

Long/Short

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Long: 66.7%Short: 33.3%

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Data provided by COINOTAG DATALive data

Ethereum

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▲ 0.30%

Volume (24h): -

Resistance Levels

Resistance 3$1,985.30

Resistance 2$1,929.21

Resistance 1$1,885.92

Price$1,868.22

Support 1$1,855.92

Support 2$1,814.87

Support 3$1,732.50

Pivot (PP):$1,855.92

Trend:Uptrend

RSI (14):59.2

According to SpotOnChain monitoring, COINOTAG revealed that on September 30, the Ethereum Foundation executed a transaction involving the exchange of 100 ETH for 262,474 DAI. Since the beginning of 2024, the Ethereum Foundation has liquidated a total of 3,766 ETH at an average price of $2,777 per ETH through the CoWSwap platform, resulting in accruals of 10.46 million DAI. Notably, in September alone, the foundation offloaded 1,250 ETH, equivalent to approximately $3.06 million.

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