USDS

ETH falls near three-month low as Ethereum Foundation keeps selling

ETH◆ dropped to just above $1,800 during a weekend market-wide crash, its lowest level in almost three months, and is down more than 25% since 4 November. Onchain Lens data shows the Ethereum Foundation◼ sold 7,500 ETH over four days, worth about $14.5 million, with its latest 2,500 ETH swapped for USDS via CoWSwap◆. Peter Schiff says a break below the roughly $1,600 uptrend could send ETH toward the 2022 low near $1,000.