#crypto $ETH #ETH Ethereum is down by 2% after the Ethereum Foundation sold 1700 ETH for $2.74 million USDC.

We can see significant price drops in #ETH. Historically whenever the Ethereum Foundation moves ETH it’s always been bearish for the market.

The Ethereum Foundation is a non-profit organization responsible for developing and promoting Ethereum.

Ethereum Foundation converted 1700 ETH into Circle's #USDC #stablecoin via Uniswap.

Currently, ETH is trading at 1590.

#Cryptocurrency #USDC #Ethereum