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Ethereum Foundation sold more ETH while price slumps to $3,000

Despite community backlash and leadership issues, the Ethereum Foundation sold an additional 100 ETH. This sale raised 307,893 DAI, contributing to over 13 million USD in ETH sold this month.

In the last 24 hours, ETH’s price dropped more than 7% to 3,057 USD, down from a daily high of 3,434 USD. Trading volume increased over 130%, indicating heightened market activity.

The cryptocurrency market experienced liquidations exceeding 660 million USD across long and short positions, intensifying the bearish market sentiment. ETH’s price is near the key support level of 3,000 USD, amidst a broader downturn.

This is community-generated content, not advice from ONUS.
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