ETH falls near three-month low as Ethereum Foundation keeps selling
MARKETSEthereum Foundationcoinbrief/daily · 1 source
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What happened
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.
For IT people · Written by AI from 1 source · Wrong?
What to do
- Check whether you hold ETH or other affected altcoins, since the article reports losses across most of the market.
- Watch whether further Ethereum Foundation sales are reported by on-chain analytics services.
Written by AI from the sources, checked against them
Full story timeline · 1 update
Who reported · 1 outlet
CryptoPotato
Who and what is in it
Companies