Ethereum Foundation Sells 100 ETH for $2,708: Latest Market Movements Analyzed

ETH

ETH/USDT

$2,127.12

+4.51%

$2,127.12

+4.51%

(24s)

24h Volume

$39,049,302,904.94

24h H/L

$2,145.26 / $2,009.54

Change: $135.72 (6.75%)

Long/Short

69.8%

Long: 69.8%Short: 30.2%

Funding Rate

-0.0018%

Shorts pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,121.96

▲ 1.67%

Volume (24h): -

Resistance Levels

Resistance 3$2,577.98

Resistance 2$2,403.28

Resistance 1$2,234.29

Price$2,121.96

Support 1$1,994.75

Support 2$1,826.83

Support 3$1,157.44

Pivot (PP):$2,110.44

Trend:Downtrend

RSI (14):32.9

According to a recent report from COINOTAG, on October 30, the Ethereum Foundation has conducted another sale of ETH, resuming its trading activities following a brief hiatus of one week. Data from Ember indicates that approximately thirty minutes prior to the report, the Foundation’s designated wallet executed the sale of 100 ETH, achieving a market price of $2,708. This transaction effectively converted the ETH into around 270,800 DAI, reflecting ongoing liquidity strategies by the Foundation. Such high-frequency trading practices are indicative of the Foundation’s approach to manage its cryptocurrency holdings while responding to market dynamics.