Two wallets linked to the Ethereum Foundation transferred 4,393 ETH, approximately $11.1 million, to the Kraken exchange. This transaction is part of a carefully planned 10-year strategy during which nearly 49,751 ETH have already been sent to exchanges. These ETH were acquired during the project’s early days for less than one dollar per unit. ETH currently trades around $2,550, hovering just above its 50-day moving average which serves as a key short-term support. Approximately 10,000 ETH remain in these addresses, and potential selling pressure could push the price toward the $2,500 psychological level.
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
