Ethereum Foundation sells 100 ETH for Dai as Pectra Upgrade looms.
ETH price dip coincides with Ethereum Foundation's continued Ether sales, as network competition grows and Pectra upgrade looms.
Ethereum Foundation has sold 4,366 ETH worth over $12.21 million at an average price of about $2,796.
The ongoing Ether sale by the Ethereum Foundation indicates major developments expected to be unveiled in the near term, including the Pectra upgrade for scalability.