Ethereum Foundation Converts 100 ETH to DAI Amidst Significant September Sales

ETH

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$1,667.47

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(24s)

24h Volume

$4,088,519,799.72

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Long: 73.1%Short: 26.9%

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Data provided by COINOTAG DATALive data

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Resistance 2$1,804.64

Resistance 1$1,709.22

Price$1,673.62

Support 1$1,614.42

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Support 3$1,244.77

Pivot (PP):$1,677.71

Trend:Downtrend

RSI (14):32.1

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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