Ethereum Foundation Offloads ETH, Price Consolidates at $4000

• Ethereum Foundation sells 100 ETH, adding to 2024 total of 4,466 ETH sold.
• 70,000 ETH transfer to Binance signals potential market impact, price pause.
• ETH consolidates near $4,000, with support at $3,900 and resistance at $4,100.

The Ethereum Foundation sold another 100 ETH, worth about $420,470. Lookonchain data shows the Foundation has so far sold 4,466 ETH, worth $12.62 million, in 2024.

The #Ethereum Foundation sold 100 $ETH($420.47K) again just now.#Ethereum Foundation has sold a total of 4,466 $ETH($12.62M) this year.https://t.co/aEdJQoOeuv pic.twitter.com/Cd6LPm1JBu

— Lookonchain (@lookonchain) December 17, 2024

Meanwhile, a substantial transfer of 70,000 ETH, equivalent to $281 million, moved from Binance to the Binance Beacon Deposit. These movements have sparked speculation about Ethereum’s price trajectory, particularly as the cryptocurrency consolidates near the $4,000 mark.

70,000 #ETH (281,045,876 USD) transferred from #Binance to Binance Beacon Deposithttps://t.co/aiiZMJ7tN4

— Whale Alert (@whale_alert) December 17, 2024

Ethereum Price: Key Support and Resistance Levels

Ethereum’s current price hovers at $4,000.09,…

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