Ethereum Foundation’s ETH Sales: Not the Price Movers You Thought?
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- Ethereum Foundation’s smaller sell-offs (<9K ETH) show no strong correlation with price changes.
- Larger ETH sales (>15K ETH) have mixed effects on price, with no clear trend.
- Analysts advise focusing on broader market factors for Ethereum price analysis.
The Ethereum Foundation’s (EF) historical selling of its Ethereum holdings has long been a point of interest for the crypto community, with many speculating about its influence on Ethereum’s price.
However, new insights from CoinGecko are challenging this widely held belief, suggesting that these sales might not have as significant an impact on the token’s price as previously thought.
CoinGecko’s latest study examined the correlations between the EF’s ETH sell-offs and changes in Ethereum’s price over different timeframes, specifically 3-day, 7-day, and 30-day windows. The findings indicate that smaller ETH sales, those involving less than 9,000 ETH, showed no positive correlation with subsequent price declines.
Do Large Ethereum Foundation Sales Always Lead to Price Drops?
On the other hand, larger sales by the Ethereum Foundation, inv…
The post Ethereum Foundation’s ETH Sales: Not the Price Movers You Thought? appeared first on Coin Edition.
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