Ethereum Foundation Completes $11M ETH Sale in Bullish Market
Ethereum Foundation wraps up 5,000 ETH sale worth $11.12M over three days, averaging $2,225 per token, amid sustained bullish signals on the 4-hour chart.
SourceIn a move that underscores the Ethereum Foundation's ongoing funding strategy, the organization has finalized its latest ETH sale, offloading a total of 5,000 tokens over three days for approximately $11.12 million. The final tranche involved 1,250 ETH sold in the past nine hours, fetching about $2.805 million at an average price of $2,225 per token. This wallet, linked to the Foundation's DeFi Ecosystem, aligns with previous disclosures where sales fund research, grants, and donations—echoing patterns seen in the last six months, including a notable March dump that briefly pressured prices amid broader market volatility.
Foundation's Funding Tactics in Volatile Times
Over the past year, the Ethereum Foundation has periodically tapped its ETH reserves to cover operational costs, a tactic that gained scrutiny during the crypto winter's tail end in late 2025 when similar sales coincided with network upgrades and regulatory shifts. Traders monitored the wallet address 0x9fC3dc011b461664c835F2527fffb1169b3C213e closely, as these moves often ripple through spot markets. Yet, this completion arrives without major disruption, spotlighting Ethereum's resilience even as crypto trading volumes surge on platforms like Bitget.
On the four-hour chart, Ethereum paints a compelling bullish confluence, with price action at $2,240.49 holding firm above the 50-period EMA support at $2,159.79 and well clear of the 200-period EMA at $2,092.04, reinforcing a structural uptrend that's gathered steam since the MACD golden cross flashed at 26.63 to confirm buying pressure. Momentum stays balanced with RSI ticking at a neutral 62.38, leaving headroom for upside before overbought territory bites, while the asset navigates snugly within Bollinger Bands—probing toward the upper exhaustion target of $2,267.16 but buffered by lower support at $2,162.75. If this setup holds, we'd eye a push through resistance for continuation, though any macro headwinds could prompt a tactical dip back to that 50-EMA confluence for reload.
Ai 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references