🚨 ETHEREUM FOUNDATION $ETH : WHY ARE THEY SELLING?
This is the interesting part most people are overlooking.
Over the past four days, the Ethereum Foundation has sold a total of 7,500 ETH for around 14.52 million USDS. The latest sale was 2,500 ETH (about $4.71 million) for 4.597 million USDS, with the proceeds transferred to a Safe multisig wallet.
Think about it: ETH is trading below $1,850, while an organization holding a lot of ETH is steadily selling in batches. It’s easy for people to immediately assume there’s selling pressure.
🎯 My take: if the sales remain small and steady like this, the impact may be mostly psychological; if selling ramps up while prices are weak, I’d be more cautious.
👀 I’m watching to see whether this fund continues selling and whether ETH can hold the $1,850 level.
$ETH #Ethereum #Crypto
This is the interesting part most people are overlooking.
Over the past four days, the Ethereum Foundation has sold a total of 7,500 ETH for around 14.52 million USDS. The latest sale was 2,500 ETH (about $4.71 million) for 4.597 million USDS, with the proceeds transferred to a Safe multisig wallet.
Think about it: ETH is trading below $1,850, while an organization holding a lot of ETH is steadily selling in batches. It’s easy for people to immediately assume there’s selling pressure.
🎯 My take: if the sales remain small and steady like this, the impact may be mostly psychological; if selling ramps up while prices are weak, I’d be more cautious.
👀 I’m watching to see whether this fund continues selling and whether ETH can hold the $1,850 level.
$ETH #Ethereum #Crypto
