Ethereum Foundation’s Sales Continue to Predict Market Tops, Sale Precedes 17% Drop
The post Ethereum Foundation’s Sales Continue to Predict Market Tops, Sale Precedes 17% Drop appeared on BitcoinEthereumNews.com.
The Ethereum Foundation’s trading patterns have once again demonstrated major market timing, with their most recent sale of 100 ETH on December 17 preceding a significant 17% price decline. According to analysis by Lookonchain, this continues a pattern of successful market top identification by the Foundation throughout 2024. Over the past year, the Foundation has executed 32 separate ETH sales, totaling 4,466 ETH worth approximately $12.6 million at an average price of $2,824 per ETH. Notably, 15 of these trades have coincided with local market tops, marked in red in Lookonchain’s analysis. Since the #EthereumFoundation sold 100 $ETH on Dec 17, the price of $ETH has dropped by ~17%, marking another successful top sale. Over the past year, #EthereumFoundation has sold 4,466 $ETH($12.6M) across 32 trades, with 15 of them executed at the top(marked in red in the… pic.twitter.com/DA7nGAgbxr — Lookonchain (@lookonchain) December 20, 2024 Ethereum Foundation sales how perfect timing Recent trading activity has been particularly noteworthy. The Foundation’s last seven sales show a consistent pattern of market timing: December 17: 100 ETH sold at $4,025, followed by a 16.94% decline December 10: 100 ETH at $3,743, preceding a 6.48% drop November 12: 100 ETH at $3,403, leading to a 10.84% decrease October 30: 100 ETH at $2,709, followed by an 8.53% decline October 23: 100 ETH at $2,574, with a subsequent 5.64% drop October 15: 100 ETH at $2,580, preceding a minor 0.67% decrease October 9: 100 ETH at $2,428, followed by a 3.40% decline The Foundation’s selling strategy appears carefully calculated, with most trades involving round lots of 100 ETH, though some larger sales have occurred. The largest single sale in recent months was 450 ETH on September 9, sold for approximately $1,035,407 at an average price of $2,303 per ETH. Current market data supports the Foundation’s…
Filed under: News - @ December 20, 2024 10:20 am