The Ethereum Foundation has sold 5,000 ETH, generating approximately $11.11 million to support operational expenses. The transactions were executed in two phases, concluding on April 11, at an average price of $2,221 per token.
While such sales often raise concerns about downward pressure, broader market sentiment remains relatively optimistic.
Institutional players have been steadily accumulating Ethereum, offsetting potential negative impacts from the foundation’s liquidation.
Notably, spot ETH ETFs recorded their first weekly inflows in nearly a month, signaling renewed investor interest.
This contrast between institutional buying and foundation selling reflects evolving dynamics within the Ethereum ecosystem, as analysts suggest the market may be entering a consolidation phase ahead of potential upward momentum.
Source: X.com
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