This Historical Ethereum Top Signal Is Yet To Appear This Cycle
Ethereum Foundation wallets haven't shown large outflows in the current cycle, unlike previous peaks. On-chain data indicates that during past bull markets, negative netflows from the Foundation's wallets correlated with cryptocurrency tops. However, the current neutral netflows despite price increases suggest the Foundation may not be making major sales, potentially signaling that the cryptocurrency peak hasn't arrived. There's also speculation that the Foundation's strategy may have changed. Additionally, the Ethereum Foundation's official email was compromised, leading to a warning to subscribers about a compromised announcement regarding a "staking platform." Ethereum's price recently dropped below $3,300 but has since recovered above $3,400.
