ETH breaks the $3,000 barrier! The Ethereum Foundation has transferred 21,000 ETH in the past two months, attracting market attention.

Ethereum (ETH) price has broken through the $3,000 mark, which is a key event following the Ethereum Foundation's transfer of 21,000 ETH to its internal Gnosis Safe proxy address in the past two months. ETH reached a new all-time high on July 11, marking the market's recovery. This breakthrough means that Ethereum is once again the focus of market attention, especially after experiencing a prolonged slump since February.

Gate.io market shows that ETH is currently priced at $3,014.44, with a 24-hour increase of 8.21%.

Ethereum price rebounds to $3,000 and above

On July 11 at 06:30 (UTC), the price of Ethereum rose to a high of $3,019. Although the price subsequently experienced a slight pullback, falling to around $2,990, ETH remained stable near $3,000, demonstrating strong market recovery momentum. In the past 24 hours, ETH has increased by 8.21%, and in the past week and two weeks, it has risen by 16.8% and 22%, respectively.

Trading volume surges, market activity rises

The daily trading volume of ETH has increased by 62.9% compared to the previous day, indicating a significant rise in market activity recently. This increase in price and trading volume has once again brought high attention to the performance of ETH in the cryptocurrency market.

Ethereum Foundation Continues to Transfer ETH

According to recent monitoring by PeckShield, the Ethereum Foundation has transferred a total of 21,000 ETH (approximately $6.28 million) from its main account to an internal address over the past two months. Subsequently, this address transferred one-third of the ETH to another address, approximately 7,000 ETH (worth $2.09 million).

In the next 24 hours, the third Address will exchange 1,210 ETH for USDC (stablecoin), worth 3.5 million dollars. This move has sparked negative reactions from many traders, with some believing that the Ethereum Foundation may be dumping its native tokens. However, some traders have defended the Foundation, stating that this aligns with its new financial strategy.

ETH Foundation Responds to Market Concerns

A user named @digitalartchick stated on social platform X (formerly Twitter): "There's too much FUD about the Ethereum Foundation selling ETH, don't believe it!" He continued, "The Ethereum Foundation is using its 200,000 ETH financial reserves to participate in DeFi and generate returns, and since the leadership change this year, they have stopped selling ETH."

Ethereum Foundation's New Financial Policy Strategy

In June, the ETH Foundation announced the implementation of a new financial strategy, planning to conduct more ETH sales to maintain fiat reserves and expand its deployment in the staking and DeFi sectors. The launch of this new strategy aims to bring more stability and financial support to the Ethereum network.