Ethereum Soars Past $3,800: A Breakout With A Twist

Ethereum Soars Past $3,800: A Breakout With A Twist

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Source: TheMerkle.com

Ethereum’s price has burst out of its channel, surging above $3,800 in a remarkable move. However, a closer look reveals a intriguing development.

The Ethereum Foundation, the organization behind the cryptocurrency, has transferred 35,000 ETH (worth $94.07 million) to Kraken Deposit, sparking speculation about its intentions.

According to Arkham, Ethereum Foundation (0xde0) transferred 35,000 ETH to Kraken Deposit (0xd86), worth about $94.07 million. The foundation should be selling coins

Read More https://themerkle.com/ethereum-soars-past-3800-a-breakout-with-a-twist/

The post "Ethereum Soars Past $3,800: A Breakout With A Twist" appeared first here TheMerkle.com.

Source: TheMerkle.com

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