The Ethereum Foundation has sold over 32 million USD worth of ETH, transferring 1,000 ETH daily, causing community criticism. Meanwhile, Fidelity has purchased 25.7 million USD in Ethereum, suggesting alternative institutional interest.
Despite the Foundation’s selling, data indicates significant ETH whale accumulation, reminiscent of past bullish trends. The current ETH price tests critical support around 2,274.26 USD, with analysts predicting potential breakout scenarios.
Leave a Reply