- The ETH price risked a potential reversal from $2,400 resistance amid the formation of the classic bearish continuation pattern inverted flag.
- On April 24, the Ethereum Foundation completed an OTC transaction involving 10,000 ETH at an average execution price of $2,387
- The crypto fear and greed index at 34% indicates the border market sentiment remains bearish.
ETH, the native cryptocurrency of smart contract giant, Ethereum, is down 0.4% during Friday’s U.S. market hours to trade at $2,320. The pullback gained its initial momentum from the cautious consolidation trend in the broader crypto market as Bitcoin stalls around the $78,000 mark. However, the market observers address the recent sale of 10,000 ETH from Ethereum foundation as trigger for today’s downtick. Here’s how this move could potentially influence the ETH price in the long-term.
Ethereum Foundation Sells 10K ETH at $2,387 in OTC Deal with BitMine
On Friday April 24th, the Read Entire Article
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