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Ethereum Foundation’s Aggressive Moves Raise Eyebrows as Market Eyes $2,700 Resistance


by Maxwell Mutuma
for CoinEdition
Ethereum's Next Move Hinges on $2,700: A Rally to $3,000 or a Drop to $2,200?
  • Ethereum Foundation’s steady ETH outflows total $52.82M since April 2025.
  • ETH faces critical resistance near $2,700 amid a rising wedge bearish pattern.
  • Strong trading volume and rising open interest signal growing market optimism.

The Ethereum Foundation is drawing attention again with notable movements of its ETH holdings. According to data from CryptoQuant, nearly 1,000 ETH valued at approximately $2.51 million was recently transferred from Foundation wallets. This transaction is the 21st such outflow since April, pushing the total ETH moved during this period to about $52.82 million. 

Despite this pattern of activity, the Ethereum Foundation still holds a substantial balance of 196,770 ETH, worth nearly $495 million at current prices. These developments raise questions about institutional strategies and their possible impact on market sentiment.

The post Ethereum Foundation’s Aggressive Moves Raise Eyebrows as Market Eyes $2,700 Resistance appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethereum (ETH) Price Prediction for July 8

Ethereum (ETH) Price Prediction for July 8

After a sharp climb last week, Ethereum price today is stabilizing just below the $2,...
Ethereum (ETH) Price Prediction for July 6, 2025: Can ETH Break Out After Retesting $2,520?

Ethereum (ETH) Price Prediction for July 6, 2025: Can ETH Break Out After Retesting $2,520?

After a sharp retreat from the $2,640 zone earlier this week, the Ethereum price toda...

Ethereum Foundation’s Aggressive Moves Raise Eyebrows as Market Eyes $2,700 Resistance


by Maxwell Mutuma
for CoinEdition
Ethereum's Next Move Hinges on $2,700: A Rally to $3,000 or a Drop to $2,200?
  • Ethereum Foundation’s steady ETH outflows total $52.82M since April 2025.
  • ETH faces critical resistance near $2,700 amid a rising wedge bearish pattern.
  • Strong trading volume and rising open interest signal growing market optimism.

The Ethereum Foundation is drawing attention again with notable movements of its ETH holdings. According to data from CryptoQuant, nearly 1,000 ETH valued at approximately $2.51 million was recently transferred from Foundation wallets. This transaction is the 21st such outflow since April, pushing the total ETH moved during this period to about $52.82 million. 

Despite this pattern of activity, the Ethereum Foundation still holds a substantial balance of 196,770 ETH, worth nearly $495 million at current prices. These developments raise questions about institutional strategies and their possible impact on market sentiment.

The post Ethereum Foundation’s Aggressive Moves Raise Eyebrows as Market Eyes $2,700 Resistance appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Ethereum (ETH) Price Prediction for July 8

Ethereum (ETH) Price Prediction for July 8

After a sharp climb last week, Ethereum price today is stabilizing just below the $2,...
Ethereum (ETH) Price Prediction for July 6, 2025: Can ETH Break Out After Retesting $2,520?

Ethereum (ETH) Price Prediction for July 6, 2025: Can ETH Break Out After Retesting $2,520?

After a sharp retreat from the $2,640 zone earlier this week, the Ethereum price toda...