The Ethereum $3,216 Foundation added another regular sale to its weekly schedule by selling 100 ETH for 226,868 DAI in the early hours of the day. Over the past three weeks, the foundation has sold a total of 650 ETH, valued at approximately $1.51 million, at an average price of $2,323.
Regular Small-Scale Sales Strategy
In recent weeks, the Ethereum Foundation has preferred to sell ETH in small batches rather than large amounts. This approach may indicate a structured method for managing liquidity or supporting operational costs. The foundation’s sales strategy has attracted attention during a period of price fluctuations for Ethereum.
Spot On Chain highlighted that the Ethereum Foundation has been selling small amounts of ETH weekly for the last three weeks, totaling 650 ETH (valued at $1.51 million).
Market Impact and Speculations
The foundation’s regular ETH sales have not gone unnoticed by market participants. While these sales do not exert significant pressure on prices, they raise questions about the foundation’s future plans and confidence in Ethereum’s pricing. Some market observers believe these sales indicate a need for operational funds, while others view them as routine portfolio rebalancing.
Analysts are closely monitoring whether this sales trend will continue and how it will affect Ethereum’s short-term price movements. During a time when Ethereum struggles to maintain a stable price, the foundation’s sales are generating curiosity in the market.
Technical analysis indicates a downward momentum for Ethereum. The Auto Pitchfork indicator shows that prices are hovering at the lower levels of the pitchfork, while the ADX value at 22.46 signals a weak trend. This situation hints at the risk of consolidation or further declines if buying pressure remains low.
Despite this, the Ethereum Foundation’s controlled and calculated sales strategy is not associated with sudden price drops. This suggests that the liquidation process is managed with minimal impact on the market. Investors and traders will continue to watch whether the foundation’s sales persist and how they affect Ethereum’s market dynamics.
The Ethereum Foundation’s strategic ETH sales play an important role in liquidity management and market balance. This approach indicates a transparent and prudent method in managing crypto assets. Market participants can make more informed decisions about Ethereum’s future performance by following the foundation’s moves.