$ETH ❗❗❗ #ETHETFsApproved
Ethereum Foundation Moves 35K ETH to Kraken Amid Market Downturn one of the top cryptocurrency exchanges aligning with a recent 8.8% drop in Ethereum's price
Since Jan 2021, the Foundation has sold 239K ETH ($654M), often timing sales near market peaks.
The Foundation's actions raise market speculation on potential further ETH price declines.
Five days have passed since this transaction, at which point the value of Ethereum was $2,688 per ETH. Since then, Ethereum has seen a significant 8.8% price drop, bringing it down to $2,450.
Consequently, the cryptocurrency community has taken notice of this move, especially when organizations like the Ethereum Foundation are involved. The timing of such transfers can often significantly affect market dynamics
