Top Signal? Ethereum Foundation Sells $3.5 Million in ETH at $2900
2025-07-11 06:30:07
Main Idea
ETH's price has surged recently, reaching above $3,000 for the first time since late February 2025, while a wallet linked to the Ethereum Foundation sold 1,210 ETH during the rally.
Key Points
1. ETH gained 16.7% in the past seven days and over 8% in the past 24 hours.
2. BTC reached a new all-time high above $118,000.
3. A wallet linked to the Ethereum Foundation sold 1,210 ETH for 3.5 million USDC at an average price of around $2,890.
4. ETH's price is trading above $3,000 for the first time since late February 2025.
5. The Ethereum Foundation typically sells ETH during rallies, sometimes marking local tops, though this isn't always the case.
Description
ETH has gained 16.7% in the past seven days and over 8% in the past 24 hours alone. This comes amid a heated rally in the broader cryptocurrency market where BTC’s price just reached a new all-time high above $118,000. Ironically, some warning signs are starting to pop already. According to popular on-chain monitoring resource Lookonchain, a wallet linked to the Ethereum Foundation has sold 1210 ETH for 3.5 million USDC at an average price of around $2890 over the past hours. A wallet linked to ...
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