Ethereum Foundation wey dey sell ETH dey cause price wahala as di market sentiments dey vary
Ethereum Foundation don sell total 300 ETH this year, include recent sale of 100 ETH for 307,893 DAI, dis make people dey worry about Ethereum price performance as market dey downturn. These sales dey happen as Ethereum price don drop by around 5.7% to $3,125, plus serious decrease for large on-chain transactions. While di Foundation dey talk say these transactions dey necessary for network development, traders dey uneasy about di timing, especially as Ethereum dey lag behind other cryptocurrencies. Di ETH/BTC pair dey at four-year low, wey dey add pressure. Some analysts still dey cautiously optimistic, dey point to historical price patterns wey fit suggest potential rallies for February and March. As di market dey process these developments, traders dey focus on Ethereum ability to maintain critical price levels, especially as di upcoming FOMC meeting dey add uncertainty for di market.
Neutral
Di Ethereum Foundation sales don raise worries about Ethereum price stability for now as market dey go down, specially as transaction volumes and activity dey drop. Some traders dey see di sales as negative sign, but historical trends and technical analysis dey show potential bullish patterns, which means overall market sentiment still dey mixed and neutral. Di FOMC meeting dey come too as significant factor wey dey add to market uncertainty. Generally, people see di event as maintaining balance without pushing di market strongly in either bullish or bearish direction.