ETH Tanks Another 5% as Ethereum Foundation Keeps Selling and Schiff Sounds the Alarm
💰 The Ethereum Foundation has accelerated its selling, offloading 7,500 ETH worth approximately $14.5 million in just four days, with the latest transaction involving 2,500 ETH swapped for USDS.
📉 Ethereum's price has plummeted to multi-month lows, currently hovering just above $1,800, marking a decline of over 25% since its peak of $2,450 on November 4.
⚠️ Peter Schiff has issued a bearish forecast for ETH, predicting a potential drop to $1,000 if it breaks below the $1,600 support level, raising concerns among investors.
💰 The Ethereum Foundation has accelerated its selling, offloading 7,500 ETH worth approximately $14.5 million in just four days, with the latest transaction involving 2,500 ETH swapped for USDS.
📉 Ethereum's price has plummeted to multi-month lows, currently hovering just above $1,800, marking a decline of over 25% since its peak of $2,450 on November 4.
⚠️ Peter Schiff has issued a bearish forecast for ETH, predicting a potential drop to $1,000 if it breaks below the $1,600 support level, raising concerns among investors.