The Ethereum Foundation Just Sold $30 Million in Ether - But Will the Price of ETH Go Down This Time?
The Ethereum Foundation's previous big ETH selloff preceded a bear market, but there is little evidence that such selloffs affect the general market trend.
![The Ethereum Foundation just sold 30 million dollars to Ether — But will the price of ETH go down this time?](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-05/e88c4550-3cf0-4f8b-9fe2-dc31f42d3b73.jpg)
![The Ethereum Foundation Just Sold $30 Million in Ether - But Will the Price of ETH Go Down This Time?](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-05/e88c4550-3cf0-4f8b-9fe2-dc31f42d3b73.jpg?#)
The Ethereum Foundation's previous big ETH selloff preceded a bear market, but there is little evidence that such selloffs affect the general market trend.
![The Ethereum Foundation just sold 30 million dollars to Ether — But will the price of ETH go down this time?](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-05/e88c4550-3cf0-4f8b-9fe2-dc31f42d3b73.jpg)
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