Ethereum price breaks through $3,000 after ETH Foundation moves 21,000 ETH in the past two months
2025-07-11 08:23:07
Main Idea
Ethereum's price surpassed $3,000, driven by market activity and the Ethereum Foundation's transfer of 21,000 ETH, sparking mixed reactions among traders.
Key Points
1. Ethereum (ETH) surpassed $3,000 on July 11, 2025, reaching a peak of $3,019 before settling around $2,990.
2. ETH's price increased by 6.6% in 24 hours, 16.8% in the past week, and 22% in the past two weeks, with a 62.9% rise in daily trading volume.
3. The Ethereum Foundation transferred 21,000 ETH (approximately $62.8 million), with 7,000 ETH ($20.9 million) moved recently and 1,210 ETH swapped for USDC ($3.5 million).
4. Traders had mixed reactions: some accused the Ethereum Foundation of dumping ETH, while others defended the moves as part of its treasury policy.
5. A trader on X (formerly Twitter) clarified that the Ethereum Foundation uses its ETH treasury for DeFi participation and maintains fiat reserves through regular sales.
Description
Ethereum has surpassed $3,000 in value, following the ETH Foundation transferring a total of 21,000 ETH in the past two months to its internal Gnosis Safe Proxy address. According to data from crypto.news, ETH ( ETH ) touched on a new high on July 11. The second largest cryptocurrency by market cap has finally surpassed the $3,000 mark. The last time ETH went beyond $3,000 was back in early February before it fell into an extended slump that lasted well into July. On July 11 at 06:30 AM UTC, ETH...
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