Every breath of a whale stirs up waves in the undercurrents.
The Ethereum Foundation's associated address has sold 1,210 ETH, with a single transaction price of only $2,889. This is part of the institution's transfer of 21,000 ETH over the past month. What seems like a small reduction is, in fact, the institution's precise control over liquidity—just like when the foundation sold around $2,900 in June 2023, resulting in a 40% drop in ETH's quarterly volatility. The market often views such signals as signs of short-term cooling.
Tang Seng's deep tracking reveals: the foundation's operations go beyond surface profits and losses.
Comparing their precise exit case at a high of $3,400 through the '0x9e2e' address in March 2024, this sale is closer to the cost range and is essentially a risk hedge rather than a bearish move. Just like Tesla, which reduces its Bitcoin holdings while simultaneously building nodes, the position management of giants is often misinterpreted by retail investors as directional signals—currently, ETH's staking rate remains at a historical high of 23%, and ecological staking is the long-term trump card.
Beware of the secondary effects of market sentiment!
As whale address 0x247 continues to reclaim USDC, the ETH interest rate in DeFi lending pools has quietly risen by 0.8%. If follow-up selling pressure leads to a chain reaction, the $2,600-$2,750 range this week will be an excellent investment zone—remember how ETH rose by 34% within 45 days after the foundation's sale before the Shanghai upgrade in September 2023; often, there's a golden pit hidden beneath the smokescreen of institutional moves.
Next, keep an eye on two signals: will the Ethereum Foundation's remaining 19,800 ETH be injected into lending protocols or OTC? Are stablecoin whales bottom-fishing? Follow Tang Seng for first-hand cutting-edge information; this bull market won't lead you astray! #ETHETFS #USDC✅ $BTC