🚀 Ethereum Foundation’s $650M Joyride: Sell-Off or Moon Mission? 🚀

by

So, the Ethereum Foundation (EF) has decided to go on a little adventure, transferring a cool $650 million worth of ETH to a wallet that’s basically the crypto equivalent of a garage sale. 🛒 According to the sleuths at Arkham Intelligence (no, not the Batman kind, but close enough), the EF sent 160k ETH to a wallet that’s been caught red-handed depositing coins to crypto exchanges for a spot of selling. 🤑

And where’s all this ETH going, you ask? Well, Arkham Intelligence (bless their data-crunching hearts) says the wallet has been cozying up to Kraken Exchange and SharpLink Gaming. 🦑🎮 Because, you know, why not mix a bit of gaming with your financial shenanigans?

Ethereum Price: The Never-Ending Rollercoaster 🎢

Meanwhile, the Ether price is having an existential crisis, retracing its steps like a lost tourist in a foreign city. 🗺️ Apparently, the midterm expectations for Ether are as choppy as a boat in a storm, thanks to the low demand from spot ETH ETFs. According to SoSoValue (yes, that’s a real name), U.S. spot Ether ETFs had a net cash outflow of about $145 million on Monday, October 20. 💸

Over the past two weeks, these ETFs have seen a net cash outflow of nearly $500 million. That’s right, half a billion dollars. 🥴 And with the EF potentially joining the sell-off party, Ether’s midterm bullish sentiment is about as stable as a house of cards in a wind tunnel. 🌪️

What’s Next? 🌟

The ETH price has been clinging to a crucial support level around $3,900 like a koala to a eucalyptus tree. 🐨 Despite the recent crypto capitulation (aka the Great Panic of 2025), this support level has held firm, making it a prime buying zone for long-term investors. Or, as one crypto analyst put it, “$ETH hard to be bearish on ETH when weekly support still holding. Little more consolidation around these levels and I’m expecting price discovery to begin towards $6k.” – Johnny (@CryptoGodJohn) October 21, 2025. 🚀

$ETH hard to be bearish on ETH when weekly support still holding

Little more consolidation around these levels and I’m expecting price discovery to begin towards $6k

– Johnny (@CryptoGodJohn) October 21, 2025

In the midterm, the ETH/USD pair needs to rally above $4.1k with the determination of a marathon runner on Red Bull. 🏃💨 According to crypto analyst Poseidon (yes, the god of the sea is now into crypto), if ETH consistently closes above $4.1k, a rally towards $5.8k will be as inevitable as a hangover after a night of margaritas. 🍹

Read More

2025-10-22 00:07