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

ETH

ETH/USDT

$1,795.52

+1.78%

$1,795.52

+1.78%

(24s)

24h Volume

$11,568,337,783.21

24h H/L

$1,839.77 / $1,763.36

Change: $76.41 (4.33%)

Long/Short

69.0%

Long: 69.0%Short: 30.9%

Funding Rate

+0.0043%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,794.71

▲ 0.10%

Volume (24h): -

Resistance Levels

Resistance 3$2,042.96

Resistance 2$1,963.87

Resistance 1$1,826.83

Price$1,794.71

Support 1$1,777.79

Support 2$1,711.30

Support 3$1,615.03

Pivot (PP):$1,794.64

Trend:Downtrend

RSI (14):45.1

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.