Ethereum Under Pressure: Foundation Continues Sale

user avatar

by Giorgi Kostiuk

2 years ago

Ethereum's price sharply declined to $3,308 following the Ethereum Foundation's sale of 100 ETH. This continues a trend started in June 2022.

Current Ethereum Market Situation

Ethereum exchange balances are increasing, indicating selling pressure. On-chain data shows balances have been rising since November 2024. The Foundation's sales generate concerns that could suppress Ethereum's recovery.

Market Climate and Its Impact on Ethereum

Rising bond yields complicate the situation for Ethereum. The yields indicate a long period of tightened Federal Reserve policy, negatively affecting cryptocurrencies and reducing their liquidity.

Price Patterns and Their Implications

Charts show mixed signals: a potential rise to $4,000 is possible, but there's also a risk of a new drop to $2,156. This creates uncertainty for Ethereum's future, exacerbated by internal sales and macroeconomic factors.

Despite confidence from the Foundation holding over $900 million in Ethereum, market conditions remain volatile. This raises concerns about the cryptocurrency's future price.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Core 321 Release Introduces Key Network and Privacy Changes

The Bitcoin Core 321 release brings significant updates to network management, privacy features, and interface adjustments, while earlier versions 312 and 304 focus on maintenance.

user avatarRajesh Kumar

Mercado Bitcoin and Sui Integrate SUI and Stablecoins for Enhanced Financial Services

Mercado Bitcoin and Sui have announced a significant integration that will allow users to access SUI, USDC, and USDsui, facilitating purchases, sales, and transfers.

user avatarMiguel Rodriguez

Polymarket Reports on October 29 Security Incident

Polymarket reports on a security breach that occurred on October 29, 2023, involving a compromised monitoring script, leading to $39 million in refunds.

user avatarLuis Flores

KuCoin Stops Services for Russian and Belarusian Users

KuCoin has announced the discontinuation of all services for users in Russia and Belarus, effective immediately as of October 29, due to legal and regulatory requirements.

user avatarArif Mukhtar

FCA Confirms HTX Has Ceased Operations in the UK

The Financial Conduct Authority (FCA) has confirmed that HTX is no longer active in the UK following a settlement regarding financial promotions.

user avatarMaria Gutierrez

Strategy's Financial Overview Highlights Cash Management and Asset Valuation

Strategy's Financial Overview Highlights Cash Management and Asset Valuation

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.