Ethereum Foundation’s $3M ETH Move Signals Bearish Trend?
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The post Ethereum Foundation’s $3M ETH Move Signals Bearish Trend? appeared first on Coinpedia Fintech News
Recently, the Ethereum Foundation shifted 1,000 ETH ($3M) to a multi-sig wallet, continuing its pattern of distributing ETH in small batches like the 1,766 ETH sold for $4.81M DAI this year alone, usually preceding price declines. The recent transactions, including those of $148.445K and $291.443K in early May, reflect a new bear cycle possibility as ETH’s price is currently at $2,987, with a 5% drop in just 72 hours. Hence, the transactions coincide with the latest price correction, suggesting a potential bear move.
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Coins
$ 1.80K
+1.38%
$ 0.99959
-0.01%
$ 0.103
+3.37%
$ 0.000161
$ 0.00...404
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In This News
Coins
$ 1.80K
+1.38%$ 0.99959
-0.01%$ 0.103
+3.37%$ 0.000161
$ 0.00...404
Predictions Markets
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