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

ETH

ETH/USDT

$2,275.18

+17.41%

$2,275.18

+17.41%

(24s)

24h Volume

$38,827,770,952.13

24h H/L

$2,333.65 / $1,932.98

Change: $400.67 (20.73%)

Long/Short

57.9%

Long: 57.9%Short: 42.1%

Funding Rate

+0.0059%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,277.65

▲ 1.10%

Volume (24h): -

Resistance Levels

Resistance 3$2,676.43

Resistance 2$2,558.86

Resistance 1$2,316.97

Price$2,277.65

Support 1$2,236.49

Support 2$2,127.28

Support 3$2,020.46

Pivot (PP):$2,164.15

Trend:Uptrend

RSI (14):83.0

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.