Ethereum

<ul><li>ETH price drops 6.23% in a week, testing the 4H 200MA ahead of CPI/FOMC reports.</li><li>Ethereum Foundation wallets sell 2,166 $ETH in 2024, often preceding price drops.</li><li>Wallet linked to Ethereum Foundation deposits 15,255 $ETH to Kraken amid market volatility.</li></ul><a href="https://cryptotale.org/ethereum-protocol-loopring-suffers-a-5m-loss/" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) is currently at a pivotal point, as recent market activities and foundation transactions have introduced notable volatility. The price of ETH has experienced a decline, coupled with significant movements by wallets associated with the Ethereum Foundation. As of today, Ethereum is priced at <a href="https://www.coingecko.com/en/coins/ethereum" rel="noopener noreferrer nofollow">$3,531.59</a>, reflecting a -3.88% drop over the past 24 hours and a -6.23% decrease over the past week. These changes are occurring as Ethereum maintains a market cap of $424.26 billion, outperforming the global cryptocurrency market&#39;s -6.50% drop over the last seven days.Crypto analyst Daan Crypto Trades <a href="https://x.com/DaanCrypto/status/1800427155169644973" rel="noopener noreferrer nofollow">highlights</a> Ethereum&#39;s interaction with key technical levels. The cryptocurrency has swept the range low and is currently testing the 4-hour 200 moving average (4H 200MA). This technical behavior suggests the possibility of short-term relief or consolidation, especially with upcoming economic indicators such as the Consumer Price Index (CPI) and Federal Open Market Committee (FOMC) meetings. The market&#39;s focus on these economic events could provide a temporary stabilization or a period of low volatility, commonly referred to as &#34;chop.&#34;<a href="https://cryptotale.org/ethereum-drops-6-23-weekly-as-foundation-wallets-unload-significant-eth/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Ethereum Drops 6.23% Weekly as Foundation Wallets Unload Significant ETH

CryptoTale

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