The Ethereum Foundation has made headlines with its recent decision to sell 100 ETH, fetching $329,463 in DAI. This marks the first Ether sale of 2025, motivated by the need to fund ongoing research and development (R&D) initiatives. The move has sparked interest, especially given the backdrop of a challenging landscape for crypto assets.
In 2024, the Ethereum Foundation notably sold 4,466 ETH, netting a sizable $12.61 million in stablecoins. Interestingly, such sales often occurred prior to significant downturns in Ether’s price. Currently, the organization sits on a substantial portfolio estimated at around $914 million, primarily held in ETH and WETH.
Despite these financial maneuvers, there’s been a noticeable dip in demand for Ethereum among whale investors and institutional buyers. Over the past few months, while the availability of Bitcoin on centralized exchanges has shrunk, Ethereum’s supply has remained relatively stable since March 2024. The US spot Ether ETFs have struggled to gain traction and saw a significant net cash outflow of $86 million recently, with no issuers reporting inflows.
Now let’s shine a light on the current price of Ethereum, which has been forming a macro bullish continuation pattern despite a short-term bearish sentiment prevailing in the market. Charts indicate that Ethereum is on the brink of a major bullish breakout that could pave the way to a new all-time high soon. However, in the daily timeframe, bearish pressure is still present, hinting at a more cautious approach for potential investors.
Ethereum’s fully diluted valuation stands strong at approximately $403 billion, with a daily trading volume averaging cerca $40 billion. It has been forming a potential head and shoulders pattern, alongside bearish divergence evident in the Relative Strength Index (RSI).
In light of these developments, staying informed about Ethereum’s journey is essential. With fluctuations in the crypto market, one can never have too much knowledge about what influences these movements.
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