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Ethereum Foundation Sells 100 ETH Amid Crypto Market Crash

Explore why the Ethereum price crashed as the ETH Foundation continued dumping, exchange balances rose, and bond yields jumped

Ethereum crashes for two days in a row, and the outlook may get dire as negative catalysts remain. ETH balances on exchanges are rising, Ethereum Foundation continues to sell, while American bond yields are surging. So, will the Ethereum price rise to $4,000 or will it crash below $3,000 soon?

Ethereum Foundation Sells ETH
On-chain data spotted by LookOnChain showed that the Ethereum Foundation continues to dump ETH. It sold 100 ETH on Wednesday, continuing a trend that started in June last year. It has now dumped 4,566 tokens valued at almost $13 million.

Ethereum Foundation Sells 100 ETH Amid Crypto Market Crash

Explore why the Ethereum price crashed as the ETH Foundation continued dumping, exchange balances rose, and bond yields jumped

Ethereum crashes for two days in a row, and the outlook may get dire as negative catalysts remain. ETH balances on exchanges are rising, Ethereum Foundation continues to sell, while American bond yields are surging. So, will the Ethereum price rise to $4,000 or will it crash below $3,000 soon?

Ethereum Foundation Sells ETH
On-chain data spotted by LookOnChain showed that the Ethereum Foundation continues to dump ETH. It sold 100 ETH on Wednesday, continuing a trend that started in June last year. It has now dumped 4,566 tokens valued at almost $13 million.
https://coingape.com/markets/ethereum-foundation-sells-100-eth-amid-crypto-market-crash/