CryptoMediaClub
Wednesday, October 29, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

Ethereum Foundation denies selling assets amid ETH’s climb past $3,000

11.07.2025
A A
0
118
VIEWS
ShareShare

Ethereum has surged past the $3,000 mark for the first time since February, riding on the renewed momentum sweeping across the broader crypto market.

According to CryptoSlate data, ETH’s price peaked at $3,033 during the last 24 hours amid a 9% increase. However, its value has slightly retraced to $2,991 as of press time.

This milestone follows Bitcoin’s explosive rally to a new all-time high above $118,000, which has sparked renewed interest in risk-on digital assets.

While this momentum has partially fueled Ethereum’s rise, the second-largest crypto is also backed by significant on-chain developments and investor activity.

What is fuelling ETH’s price rise?

On-chain data reveals that ETH reserves held on centralized exchanges have fallen to an all-time low of 18.59 million, reducing the available supply. At the same time, staked ETH has climbed to a record high of 29.91 million.

Ethereum Metrics
Ethereum Key Metrics (Source: X/Leon Waidmann)

Combined, these trends point toward a classic supply squeeze, where less circulating ETH and increased staking can amplify upward price pressure.

Meanwhile, Ethereum continues to solidify its role in digital asset infrastructure. In Q2 2025, Ethereum processed over $4 trillion in stablecoin transfer volume—an all-time high for the network.

Moreover, institutional demand is also rising, with Ethereum’s use in tokenization, crypto treasuries, and ETF flows helping to drive market confidence.

Considering this, crypto analyst Pentoshi said:

“[ETH] is still very early to this trade. I dont know if it will be today, tomorrow, or next month. But I think we are going to look back at what is right in front of your eyes and think. I can’t believe it was so obvious. The amount of capital starting to flow into eth, will lead to big moves. and all we have to do, is do nothing.”

Notably, Arthur Hayes, former CEO of BitMEX, is also bullish on Ethereum’s future. Hayes has predicted that ETH will outperform Bitcoin in the coming months, suggesting that a “monster alt season” is on the horizon.

Is the Ethereum Foundation selling ETH?

Amid ETH’s rally, a crypto wallet linked to the Ethereum Foundation (EF) has sparked controversy by selling $3.5 million worth of ETH.

According to Lookonchain, the wallet sold 1,210 ETH on July 10, executing multiple transactions at an average price of $2,890 per ETH.

Meanwhile, Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, clarified that the Foundation did not conduct the sale.

Instead, the sale was made by Argot Collective, a non-profit development organization that is a spin-off of the Ethereum Foundation.

The post Ethereum Foundation denies selling assets amid ETH’s climb past $3,000 appeared first on CryptoSlate.

Share9Tweet6ShareSharePin2

Related Posts

Watch these 4 tripwires to signal XRP price direction this week
Analysis

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
0

XRP entered the final week of October with leverage rebuilt and a working beta to Bitcoin that can be applied...

Read moreDetails
Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

28.10.2025
Does a weaker dollar drive Bitcoin price now?

Does a weaker dollar drive Bitcoin price now?

28.10.2025
Why is Bitcoin price pumping? Catch up on what’s moving crypto

Why is Bitcoin price pumping? Catch up on what’s moving crypto

28.10.2025
Crypto’s week ahead: Everything you need to know to close out October

Crypto’s week ahead: Everything you need to know to close out October

27.10.2025
Load More
Next Post
XXKK Exchange Secures CoinMarketCap Listing, Boosts Global Transparency

XXKK Exchange Secures CoinMarketCap Listing, Boosts Global Transparency

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

P2P.org Introduces Staking-as-a-Business Model, Surpasses $7.5 Billion TVL

P2P.org Introduces Staking-as-a-Business Model, Surpasses $7.5 Billion TVL

2 years ago
Limited Edition Shiba Inu Cold Wallets Set to Debut Next Week

Limited Edition Shiba Inu Cold Wallets Set to Debut Next Week

2 years ago
Bitcoin Mined in 2010 Moves to Exchanges as Early Miners Sell Holdings

Bitcoin Mined in 2010 Moves to Exchanges as Early Miners Sell Holdings

12 months ago
ALL4 Mining Launches Mobile App: Convert Your XRP, BTC, DOGE into Daily Passive Income Cash

ALL4 Mining Launches Mobile App: Convert Your XRP, BTC, DOGE into Daily Passive Income Cash

3 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

Watch these 4 tripwires to signal XRP price direction this week

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

Strategy’s new credit rating will open Bitcoin to $130 trillion institutional capital

SharpLink to Deploy $200M in ETH on Consensys’ Linea — Is This the Future of Institutional DeFi and AI-Powered Yields?

Does a weaker dollar drive Bitcoin price now?

Trending

Gemini AI Predicts the Price of BTC, SOL, XRP by the End of 2025
All news

Gemini AI Predicts the Price of BTC, SOL, XRP by the End of 2025

29.10.2025
0

Google’s Gemini AI has issued a bold outlook for the current quarter, predicting that Bitcoin, Solana, and...

Bullish Signals: Top Crypto to Get Today, October 28 – HBAR, LTC, SOL

Bullish Signals: Top Crypto to Get Today, October 28 – HBAR, LTC, SOL

29.10.2025
France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro

France Stuns Europe: Lawmakers Adopt Bitcoin and Ban Digital Euro

29.10.2025
Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

Alibaba’s Qwen AI With Explosive 3-Month XRP Price Prediction – Could XRP Hit $4.20 By January 2026?

28.10.2025
Watch these 4 tripwires to signal XRP price direction this week

Watch these 4 tripwires to signal XRP price direction this week

28.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz