The Ethereum Foundation sold 7,500 ETH over the past four days for approximately $14.52 million in USDS, including a recent transaction in which 2,500 ETH were exchanged through CoWSwap for $4.597 million in USDS. The proceeds from the latest sale were transferred to a Safe multisignature wallet. Meanwhile, ETH fell below $1,850, close to its lowest price in nearly three months, after losing the psychological $2,000 support level. The asset, which reached $2,450 on November 4, has now declined by more than 25% since then. Peter Schiff outlined a bearish scenario, citing support at $1,600 and a subsequent level just below $1,000 corresponding to the 2022 low.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
