ETH falls near three-month low as Ethereum Foundation keeps selling
MARKETSEthereum Foundationcoinbrief/daily · 1 source
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What happened
ETH fell to just above $1,800 in a weekend market-wide sell-off, its lowest level in almost three months, and is more than 25% below the $2,450 high reached on 4 November. Onchain Lens reports the Ethereum Foundation sold 7,500 ETH (about $14.52M) over four days, with the latest 2,500 ETH (about $4.71M) swapped for 4.597M USDS via CoWSwap and proceeds sent to a multisig Safe. Peter Schiff flags a break of the uptrend near $1,600 as opening a path to the 2022 low just below $1,000.
For experienced traders · 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
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