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

ETH

ETH/USDT

$1,877.46

+0.79%

$1,877.46

+0.79%

(24s)

24h Volume

$2,833,246,455.86

24h H/L

$1,878.45 / $1,851.22

Change: $27.23 (1.47%)

Long/Short

66.4%

Long: 66.4%Short: 33.6%

Funding Rate

+0.0002%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,875.64

▲ 0.04%

Volume (24h): -

Resistance Levels

Resistance 3$2,022.44

Resistance 2$1,941.18

Resistance 1$1,879.75

Price$1,875.64

Support 1$1,858.13

Support 2$1,749.34

Support 3$1,702.98

Pivot (PP):$1,867.73

Trend:Sideways

RSI (14):56.1

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.