ETH rallies despite sell-off fears post Ethereum Foundation’s transfer
The price of Ethereum (ETH) has been on the rise despite concerns of a potential sell-off following the transfer of funds from the Ethereum Foundation. Many investors were worried that the transfer of over $1 billion worth of ETH to various wallets could lead to a significant sell-off in the market.
However, ETH has managed to defy these fears and has continued its upward momentum in recent days. The cryptocurrency has seen a notable rally, with its price reaching new highs and surpassing key resistance levels.
This rally is a positive sign for ETH investors, as it indicates that there is strong demand for the cryptocurrency despite the transfer of funds from the Ethereum Foundation. It also suggests that investors have confidence in the future of Ethereum and believe in its potential for growth.
Overall, the recent performance of ETH has been encouraging, and it will be interesting to see how the cryptocurrency continues to fare in the coming days and weeks.