Ethereum is nearing its all-time high price.

The Ethereum Foundation sells $18 million worth of Ethereum as the price approaches its all-time high. A wallet linked to the Ethereum Foundation transferred millions of dollars worth of Ethereum. This coincided with the recent rise in the price of the currency, which is nearing its all-time high.

This deal came after a series of previous sales, including the sale of 1,694.8 Ethereum worth $7.72 million just hours ago. The wallet sold another 1,100 Ethereum worth $5.06 million at an average price of $4,602. In total, more than 2,794 Ethereum were sold, worth $12.78 million, in the first two hours.

Despite these massive transactions, the market did not decline. Traders say this demonstrates the depth of Ethereum's liquidity and the growing role of long-term investors, in contrast to the more volatile reactions we have seen in previous cycles.

The Ethereum Foundation is not the only main seller. A company called "The Seven Brothers" sold nearly 20,000 Ethereum for about 90.4 million USD, with an average price of 4,532 USD. This company gained fame for raising 100,000 Ethereum during the crash on August 5 of last year. Even after the sale, reports indicate that it holds about 280,000 Ethereum, worth 1.3 billion USD at current prices.❤️❤️❤️📈💯💯