Ethereum Foundation’s ETH Sale Converts 2,785 ETH Into About $6.42M in USDS
Photo: The Cryptonomist
The Ethereum Foundation’s ETH sale converted 2,785 ETH into approximately $6.42 million in USDS through CoW Swap on October 26, 2026, as Ethereum traded just above the $2,300 support level identified by analyst Ella. Onchain Lens reported the transaction on X, while CoinGecko figures showed ETH declining over both the daily and weekly periods. Key takeaways The Foundation exchanged ETH for USDS rather than moving tokens between wallets. Ella’s recovery threshold for Ethereum is $2,360. Ethereum retains its DeFi TVL lead despite weaker prices.
Source: The Cryptonomist
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