February 9, 2025 – (New York) On February 9, 2025, at 10 a.m. UTC, the Ethereum Foundation has executed a substantial transfer of 50,000 ETH, worth around $ 132 million, to the EF portfolio: DEFI Multisig. This notable transaction, highlighted by Lookonchain on Twitter, highlights the commitment of the foundation towards the decentralized finance sector (DEFI) and was documented in Etherscan, ensuring transparency.
After the transfer, the price of Ethereum jumped 3.2% during the first hour, reaching $ 2,640 at 11 a.m. UTC, according to Coingecko. The volume of exchanges has also increased, with 1.5 million additional ethics negotiated in the hour which followed the news, which represents an increase of 25% compared to the average hourly volume of the previous week, as the reported cryptotic. This strategic decision not only reflects the support of the Foundation in DEFI, but also considerably influences the feeling and liquidity of the market.
The immediate effects of ETH transfer are obvious in trading models. The ETH / USDT pair on Binance experienced a 30% increase in volume, totaling 2.2 million Ethics negotiated during the same time, while the ETH / BTC pair on Kraken experienced a 20% increase, reaching 1.8 million ethics exchanged. These volume increases demonstrate increased interests and liquidity on the Ethereum market, probably attracting more traders to engage in DEFI initiatives. In addition, chain metrics indicate a 15% increase in active addresses interacting with the protocols DEFI in the past 24 hours, as indicated by Glassnode.
Technical analysis after the transfer reveals several bullish signals. The relative resistance index (RSI) for ETH increased from 65 to 72 an hour, indicating a robust purchase pressure. In addition, the divergence of mobile average convergence (MacD) has shown a bullish crossing, suggesting a potential continuation of the upward trend. This, combined with the large commercial volume of 1.5 million ETH on time after the transfer, implies that Ethereum is likely to maintain its bullish momentum in the short term. Chain data also reveals a 10% increase in the total locked value (TVL) in the DEFI protocols based on Ethereum, now at $ 55 billion, reflecting growing confidence in the DEFI landscape.
In addition, the foray of the Ethereum Foundation in DEFI can have a positive impact on the tokens linked to the AI. While the AI continues to integrate into blockchain technology, tokens such as Singularitynet (Agix) and Fetch.ai (FET) attend an increased interest. On the same day, Agix experienced a 4.5% increase in $ 0.55, while the FET increased by $ 3.80. The correlation between the movements of Ethereum prices and these AI tokens highlights the broader enthusiasm of the market for the innovations of blockchain and deffi. An increase in bargaining volumes for these AI – Agix tokens with an increase of 20% to 1.2 million tokens exchanged and fet, seeing an increase of 15% to 800,000 negotiated tokens – indicate that investors consider the AI as a complementary sector in DEFI.
