Over 150,000 ETH Moved To Exchanges In The Last 24 Hours: Whats Next For Ethereum?

Ethereum is rising, adding a decent 5% on the last day and nearly 10% over the past trading week, according to CoinMarketCap data. As ETH shakes off weakness, breaking above the local resistance– now support– at around $2,400, confidence is high. Over 150,000 ETH Moved To Exchanges All the same, IntoTheBlock data on September 20 reveals that when prices rose, breaking above $2,400, all within the last 24 hours, more coins were moved to leading exchanges, including Binance and Coinbase. According to the blockchain analytics platform, over 150,000 ETH were transferred to these platforms, a dent to bullish momentum and sentiment. Related Reading: XRP Price Surge Could Hit 9,470% Analyst Predicts $27 Target In Bold Forecast Typically, whenever coins are moved to exchanges, it could signal the intention of holders to sell. This is because, on centralized ramps like Binance or Kraken, ETH is paired with other crypto assets like Solana or Bitcoin and with stablecoins such as USDT and fiat, including the USD or JPY. Accordingly, when these assets hit these ramps, it is easier for holders to liquidate, convert the coin to other assets, or even cash out via fiat or stablecoin. It is still determined whether the over 150,000 ETH sent to exchanges have been sold. All the same, the transfer is also a concern. This is especially true considering that the transfer is the largest to exchanges in over nine months. Ethereum Breaking Higher, What’s Next? At spot rates, Ethereum is breaking higher. The local support is at $2,400. Moreover, buyers are in the driving seat following the confirmation of the September 13 bull bar. Although ETH bulls must close above $2,800 for trend definition, the short-term move supports bulls. If the coin closes above $2,800, it could set the base higher to $3,500 for another swing. Following the break above $2,400, Ethereum bull bars are already beginning to band along the upper BB. This development points to increasing volatility and build-up of buying pressure. Related Reading: BNB Rides Bullish Wave After 100-Day SMA Breakout, Next Stop $605? Amid this transfer, it is also emerging that the Ethereum Foundation is liquidating. Earlier today, Spot On Chain data shows they sold 300 ETH for over 763,000 DAI. Even so, this is not the first time the Foundation is unloading ETH. Over the past week, they have sold over 650 ETH. Feature image from DALLE, chart from TradingView

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Ethereum Foundation sells 300 ETH as price hits $2.5k

The Ethereum Foundation has sold a total of 950 ETH worth over $2.2 million in the past three weeks On September 20, the non-profit sold 300 ETH for over $760,000 as Ethereum’s price rose to above $2,500 The Ethereum Foundation has once again dumped more Ether tokens, this time offloading 300 ETH worth more than […]

The post Ethereum Foundation sells 300 ETH as price hits $2.5k appeared first on CoinJournal.

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Are Vitalik Buterins $10M Ethereum sales bad news for ETH bulls?

Buterins recent transfer of 1,100 ETH to exchanges coincides with the Ethereum Foundations Ether sales worth over $200 million.

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Vitalik Buterin breaks down 2023 Ethereum Foundation spending

The Ethereum Foundation increased yearly spending on new institutions, which accounted for 23.8% of the foundation's expenses in 2022.

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Ethereum Foundation Moves ETH to Kraken Amid Token Price Recovery

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Ethereum Foundation Transfers 94 Million ETH Price Rally To Stall?

Following affirmative comments of an impending rate cut by US Federal Reserve Chairman Jerome Powell, Ethereum (ETH) alongside other crypto assets experienced a rapid price gain with the total crypto market cap rising by 6% on Friday. The price of Ethereum in particular moved upward by 6.38% to nearly breach the $2800 price mark. However, amidst this crypto market raving with bullish sentiments, the Ethereum Foundation (EF), a non-profit organization committed to supporting the Ethereum network, has offloaded a substantial amount of ETH. Related Reading: Ethereum Analyst: Bulls Must Hold $2,500, Spot ETF To Catalyze Demand Ethereum Foundation Executes Largest ETH Sale Of 2024 According to on-chain analytics firm, Spot on Chain, the EF, which is devoted to financing critical developments on the Ethereum network, has been selling small amounts of its holdings in the last few months culminating in 2516 ETH for $7.4 million DAI. On Friday, the Ethereum Foundation executed its largest sale transaction of 2024 depositing 35,000 ETH worth $93.8 million on the Kraken exchange. Generally, whale transactions of this size usually draw much attention as they are indicative of the market’s next likely movement.     In particular, this latest transaction by the Ethereum Foundation has been highly speculative, due to the direct affiliation of the organization with the Ethereum network, with some ETH enthusiasts interpreting such a sale as a bearish signal. Notably, in the last few hours following the sale, ETH has experienced a slight decline of 1.3%. However, general market sentiment remains largely bullish with an anticipated rate cut by the Fed in September. Rate cuts, an inverse of rate hikes, mean lower interest rates which allow investors to acquire more volatile assets such as cryptocurrencies. Following Powells announcement on Friday, experts are predicting a rate cut of 30-50bps which could exert relatively positive effects on the crypto market including ETH. Moreover, the recent price surge may help reduce the effect of the immediate expiry of 140,000 ETH options. This is because the assets’ current price ($2750) is far above the max pain point of these options at $2625, i.e. maximum financial losses would occur if the time of option expiration occurred at this market price. Finally, the Ethereum Foundation still retains a large horde of 273,273.96 ETH valued at $754.76 million. Their most recent market transaction, while significant, does not indicate a lack of confidence in Ethereum. Related Reading: Bitcoin Poised for a 200% Rally as Analyst Spot Rare Bullish Pattern ETH Price Overview As earlier stated, Ethereum trades at $2750 following the price boost on Friday. However, long-term traders will be highly expectant of a sustained price rally, as the altcoin still lags by 20.48% on its monthly chart.  Featured image from Investopedia, chart from Tradingview

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Heres How Pinoys Can Attend Ethereums Devcon Event in Thailand For Free

Successful scholars will be able to go to Ethereum's Devcon event in Bangkok, Thailand this November 12 - 15, all expenses paid.

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Ethereum Foundation email hacked to promote Lido staking phishing scam

A hacker broke into the Ethereum Foundations email server and sent scam emails to 35,794 people, recording 81 subscriber email addresses in the process.

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Ethereum Foundation Deposits $12M+ ETH to Kraken as Market Rebounds

Ethereum Foundation wallets have transferred 3,631 ETH worth $12.5 million to Kraken as the market witnesses a rebound. In a…

The post Ethereum Foundation Deposits $12M+ ETH to Kraken as Market Rebounds first appeared on The Crypto Basic.

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Who governs Ethereum? Galaxy report reveals all

A Galaxy Digital report reveals Ethereums decentralized governance avoids direct on-chain voting, detailing key stakeholder roles and transparency challenges.

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This Historical Ethereum Top Signal Is Yet To Appear This Cycle

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been [...]

The post This Historical Ethereum Top Signal Is Yet To Appear This Cycle appeared first on Crypto Breaking News.

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Ethereum Foundations Mailing List Compromised in Phishing Attack

Ethereum Foundation recently suffered a security breach after its mailing list was compromised. Disclosing the incident, Tim Beiko, the lead developer said that the leak occurred due to a vulnerability in SendPulse, an email automation service used by the foundation. According to Beiko’s post, deceptive mail was sent from the address updates@ethereum.org. PSA: it seems […]

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Ethereum Foundation Moves $64.4 Million Worth Of ETH, Is This A Dump?

The Ethereum Foundation is again in the news following its recent transaction involving millions of Ethereum (ETH) tokens. The non-profit organizations Ethereum transactions are always significant, considering the impact they usually have on the second-largest crypto token.  Ethereum Foundation Transfers $64.4 Million Worth Of ETH Crypto journalist Colin Wu revealed in an X (formerly Twitter) post that a wallet (0x8eD052) linked to the Ethereum Foundation transferred 18,089 ETH ($64.4 million) to a new address (0x87D812). On-chain data shows that the new address has yet to transfer these funds and that the ETH holdings have yet to be offloaded on the market. Related Reading: Solana Whale Shakes Market With $372 Million Transfer, Where Are The Coins Headed? Transactions involving the Ethereum Foundations are always concerning because the non-profit organization has a reputation for selling at the top. As such, the transaction of these funds is one to keep an eye on, considering that the potential sale of these tokens could mean that the Ethereum Foundation is again looking to catch ETH at the top. It is worth mentioning that the Ethereum Foundation has already sold over 1,700 ETH since the start of 2024 with on-chain analytics platform SpotOnChain, noting that these transactions have always occurred ahead of a price drop. Therefore, a potential price drop if these 18,089 ETH are eventually sold is a huge possibility.  Despite this development, Ethereums outlook is very bullish, especially with Bloomberg analyst Eric Balchunas stating that the Spot Ethereum ETFs could begin trading by July 2. These funds are expected to spark a significant rally for the second-largest crypto by market cap, with crypto experts like Ash Crypto predicting that Ethereum could rise to $10,000 thanks to these Spot Ethereum ETFs.  ETH To $10,000 Is The Most Asymmetric Bet Crypto analyst and trader Tyler Durden mentioned that the most asymmetric bet in crypto today is ETH reaching $10,000. He also highlighted Ethereums chart against Bitcoin and suggested that ETH was ready for that big move, considering it has traded sideways for eight months.  The analyst also suggested that the Spot Ethereum ETFs will play a massive role in Ethereum’s rise to this price level. He stated that Wall Street went through a lot of effort to get the Spot Ethereum ETFs approved and that they would ensure that they make money from ETH while pumping its price.  Related Reading: Bernstein Analysts Revise Bitcoin Target, $200,000 And $1 Million Become Main Focus Meanwhile, Durden boldly asserted that money would exit the Solana ecosystem and rotate to Ethereum. He claimed that Solana has lost its main character and driver of liquidity, which is why the money will flow into ETH. Interestingly, he mentioned that celebrities have cannibalised, which is why he believes that the capital rotation cannot happen the other way around with money moving from Ethereum to Solana.  At the time of writing, ETH is trading at around $3,500, down in the last 24 hours, according to data from CoinMarketCap.  Featured image from The Crypto Times, chart from Tradingview.com

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Ethereums Pectra upgrade: Key risks identified in Report

According to a new report by Liquid Collective and Obol, Ethereums Pectra upgrade in 2025 poses significant risks, including concerns over client, operator, and cloud diversity.

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Ethereum Foundation boosts ecosystem with $32M in grants in Q1 2025

The Ethereum Foundation has announced the distribution of over $32 million in grants during the first quarter of 2025. According to the May 8 update, the funding was issued through its Ecosystem Support Program and spread across 94 projects. While the report categorized the recipients by theme and focus area, it did not disclose the […]

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Ethereum Foundation to have conflict of interest policy after EigenLayer crossovers

Executive director Aya Miyaguchi said the foundations neutrality cant depend on culture and individual judgment after researchers take multimillion-dollar roles at EigenLayer.

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Ethereum devs paid EigenLayer role sparks debate on conflicted incentives

Ethereum researcher Justin Drake said his EigenLayer role is worth millions of dollars and some think it could shake up incentives for those working on the blockchain.

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Ethereum Foundation aims to secure the future with trillion-dollar security initiative

The Ethereum Foundation (EF) has unveiled the Trillion-Dollar Security (1TS) initiative, a long-term plan to raise Ethereum’s security standards in line with its growing importance in global finance. The Foundation said it aims to position Ethereum as a network capable of securely holding trillions of dollars in assets for individuals and institutions. According to the […]

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Security Alliance launches crypto threat-sharing platform

The platform is purpose-built for the crypto industry and was designed to pool resources on current threats and vulnerabilities.

The post Security Alliance launches crypto threat-sharing platform appeared first on Crypto Briefing.

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Breaking Ethereum News: Ethereum Foundation Under State Investigation? ETH Price To Crash?

The investigation appears to have stemmed from a GitHub commit. Let's take a look at this Ethereum news.

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