Ethereum Foundation Offloads 10,000 ETH, Here's The Bullish Twist

Key Points

1. The Ethereum Foundation sold 10,000 ETH to Sharplink Gaming Inc. in a private trade worth approximately $25.7 million.

2. Sharplink Gaming Inc. plans to stake and restake the purchased ETH, supporting Ethereum's long-term decentralization mission.

3. Ethereum's price was $3,005.83 at the time of the transaction, with a 24-hour increase of 7.92% and a trading volume surge of 44.25%.

4. Arthur Hayes, a prominent crypto figure, has made a bullish prediction for Ethereum, suggesting it could reach $10,000.

5. Robinhood now offers Ethereum staking options to U.S. users, expanding accessibility to ETH staking.