Ethereum recently experienced a price hike, currently trading at $2,666.49, reflecting a 1.91% increase in 24 hours. This surge follows the Ethereum Foundation’s strategic decision to transfer 50,000 ETH, valued at approximately $131.66 million, to a decentralized finance (DeFi) wallet. This significant movement captures attention, hinting at the Foundation’s intentions to bolster its position within the DeFi space. Market participants are keen to see how this transfer impacts Ethereum’s future performance as it strives to establish a stronger foothold in the evolving landscape of decentralized finance.