Ethereum Foundation Sells 300 ETH Amid Ongoing Liquidation Strategy

ETH

ETH/USDT

$2,662.76

-3.28%

$2,662.76

-3.28%

(24s)

24h Volume

$17,625,535,868.33

24h H/L

$2,789.00 / $2,635.39

Change: $153.61 (5.83%)

Long/Short

62.7%

Long: 62.7%Short: 37.3%

Funding Rate

+0.0030%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,656.63

▼ -3.52%

Volume (24h): -

Resistance Levels

Resistance 3$2,818.68

Resistance 2$2,741.38

Resistance 1$2,662.83

Price$2,656.63

Support 1$2,569.61

Support 2$2,516.30

Support 3$2,372.48

Pivot (PP):$2,749.03

Trend:Uptrend

RSI (14):60.9

The Ethereum Foundation’s activity has garnered significant attention, as detailed by COINOTAG on September 20. According to Lookonchain monitoring, the foundation recently disposed of 300 ETH (approximately US$763,000) just four hours ago. Since the beginning of 2024, this transaction contributes to a cumulative total of 3,466 ETH (valued at US$9.67 million) offloaded by the foundation. These sales have been performed with consistent regularity, averaging one transaction every 11 days. On average, each sale involved around 151 ETH (estimated at US$421,000). This strategic liquidation by the Ethereum Foundation highlights its ongoing efforts in financial management amidst a dynamic cryptocurrency market. It is essential for stakeholders and market participants to monitor these movements, as they can significantly influence Ethereum’s market behavior.