Feed - Cryptopotato.Com3h ago

ETH Tanks Another 5% as Ethereum Foundation Keeps Selling and Schiff Sounds the Alarm

AI Market Summary

The Ethereum Foundation sold 7,500 ETH (~$14.5M) in four days, including 2,500 ETH swapped for 4.6M USDS, with ETH now below $1,850. Persistent foundation supply overhang undermines confidence, and Peter Schiff's call for a break of $1,600 toward the 2022 low near $1,000 amplifies bearish momentum. Expect elevated volatility and continued selling pressure on ETH and correlated altcoins near term.

Impact level

● High

Affected assets

ETH/USDT-6.57%

AI Insight · ETH/USDTAI Insight

▼ Bearish

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Peter Schiff believes $1,000 won't be ETH's lowest target soon as crash accelerates. Alth

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Market Analysis

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