Ethereum Foundation Shifts 160K ETH Internally, ETH Tops $4K
On-chain analytics from Arkham Intelligence and Lookonchain show the Ethereum Foundation shifted 160,000 ETH (approx $654 M) between internal wallets. The internal shift underscores the Ethereum Foundation’s focus on security and operational efficiency, using a Gnosis Safe multi-signature setup. No funds moved to centralized exchanges, signalling routine treasury management rather than a sell-off. The news eased concerns and helped ETH climb 2.8%, reclaiming the $4,000 mark. Technical indicators like the Awesome Oscillator turned bullish, with support at $3,700 and resistance near $4,200; a break above $4,250 could target $4,500.
Bullish
The Ethereum Foundation’s internal shift of 160,000 ETH signals strong treasury management without increasing sell pressure. By avoiding centralized exchanges, the move reassures traders that it’s not a precursor to a sell-off. The resulting 2.8% price rebound and bullish technical indicators such as the Awesome Oscillator turning positive point to growing short-term momentum. In the longer term, continued internal reorganization and security prioritization can bolster market confidence, reducing volatility from sudden large-scale liquidations. Traders may watch key levels at $3,700 support and $4,200-$4,250 resistance to assess ongoing strength. A decisive break above $4,250 could catalyse further upside towards $4,500, reinforcing a bullish outlook for ETH.