Will ETH Hit $4K After Foundation’s $13.3M Transfer?

Ethereum Foundation Wallet Transfers $13.3 Million to Cumberland, ETH Price Remains Steady

On March 3rd, a wallet connected to the Ethereum Foundation made a significant transaction, sending $13.3 million worth of Ethereum’s altcoin to Cumberland. Surprisingly, this transfer had little to no effect on the price of ETH, which managed to stay above the $3,500 mark. However, indicators suggest that despite the current bullish momentum, ETH’s upward trajectory may slow down in the near future.