The Ethereum (ETH) Foundation made its first sale of 2025, exchanging 100 ETH for 329,463 DAI, according to data shared by @spotonchain on X.
Meanwhile, this transaction follows the foundation’s sale of a total of 4,666 ETH throughout 2024 at an average price of $2,823, generating $12.61 million. Notably, the foundation has a history of selling ETH before significant price drops, fueling speculation among market participants.
The Ethereum Foundation just made their first $ETH sale in 2025: 100 $ETH for 329,463 $DAI.In 2024, they sold a total of 4,466 ETH for $12.61M at an average price of $2,823, often before sharp price drops.Follow @spotonchain and set alerts for the #EthereumFoundation's next… https://t.co/JCcswAee76 pic.twitter.com/Go4JQY9LfE
— Spot On Chain (@spotonchain) January 8, 2025
The last recorded sale by the foundation was in December 2024, where it offloaded 100 ETH for 402,473 DAI. This was part of a larger consecutive sale totaling 200 ETH for 776,800 DAI. Market analysts are closely monitoring these transactions as Ethereum continues to face short-term downward pressure, with its price currently trading at $3,323.
Ethereum Price Action: Market Overview
Ethereum was trading at $3,323.50 at press time, reflecting a 0.91% decline over the past 24 hours and a 2.42% drop over the last week. With a circulating supply of 120 million ETH, its market capitalization stands at $400.47 billion, accompanied by a 24-hour trading volume of $32.56 billion.
Technical analysis indicates Ethereum’s price is consolidating near the lower Bollinger Band, which may suggest reduced volatility. Resistance is seen around the 20-day moving average of $3,429, while support near $3,300 is critical to monitor.
Source: TradingView
Analysts suggest that a breakdown below this level could lead to further declines, potentially targeting the $3,100 range.
Upcoming Pectra Upgrade and Market Expectations
The Ethereum network is gearing up for the Pectra upgrade, expected to launch in the first quarter of 2025. This upgrade aims to enhance the blockchain’s efficiency and scalability, which could bolster its appeal to developers and businesses alike.
Dawson, a notable crypto expert, has emphasized the importance of Ethereum driving adoption through real-world assets (RWAs), exchange-traded funds (ETFs), and expanding its use cases in emerging sectors like Decentralized Physical Infrastructure Networks (DePIN) and AI agents.
Additionally, Matt Hougan, head of research at Bitwise, has noted that many AI agents are currently operating on Ethereum and Base, its layer-2 scaling network. He believes advancements in layer-2 solutions, coupled with improved interoperability, could lead to increased adoption.
A favorable regulatory environment under the Trump administration may also contribute to Ethereum’s growth in 2025.
RSI Signals and Short-Term Price Movements
Crypto analyst Daan Crypto Trades pointed out that Ethereum’s 4-hour RSI is currently oversold, a condition that previously indicated potential reversals in the short to mid-term.
However, the analyst cautioned against relying on a single indicator for decision-making, stating that it should be used alongside other tools for more reliable insights.
Source: X
The oversold RSI signals short-term price extremes, but market participants remain cautious due to recent Ethereum Foundation sell-offs. Ethereum’s performance depends on holding support levels and regaining momentum as traders await the Pectra upgrade.
The Ethereum Foundation’s latest sale, coupled with upcoming network developments, has drawn attention from the crypto community.
FAQs
What did the Ethereum Foundation sell in its latest transaction?
The Ethereum Foundation sold 100 ETH for 329,463 DAI in its first 2025 transaction.
Why is the Ethereum Foundation’s sale significant?
The foundation is known for selling ETH before price drops, sparking speculation among traders.
What is the Pectra upgrade, and when will it launch?
The Pectra upgrade aims to improve Ethereum’s scalability and efficiency, launching in Q1 2025.
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