The Ethereum Foundation's recent sell-off of Ether is drawing market attention. On December 1, the Foundation sold 100 Ether for approximately $374,334 in $DAI. Based on recent market prices, the Foundation has cumulatively sold 4,366 Ether since 2024, totaling approximately $12.21 million, with an average selling price of about $2,796 per Ether.
This recent reduction in holdings occurred only about a month after the last sell-off, coinciding with fluctuations in Ethereum's price, inevitably causing market unease and speculation. After all, the Ethereum Foundation holds a large inventory of Ether, and further selling during a future bullish phase may put pressure on Ether’s market price. According to previous reports, the Foundation's treasury is valued at approximately $970 million, with the vast majority being Ether holdings. This large stockpile hangs over the market like a sword, making investors more cautious about future trends.
The cryptocurrency market is cautious, and the Foundation's actions are crucial.
As the industry notes, the actions of large holders often have a significant impact on the market. The Ethereum Foundation, as a key player behind the Ethereum ecosystem, inevitably becomes a focal point of investor attention regarding its capital management strategy. If the organization continues to sell during a bullish phase, it may challenge market confidence and cast a shadow over future price trends.
However, some market observers believe that the Ethereum Foundation, holding significant assets, may periodically liquidate funds for ecological development and research expenditures, which is a normal financial management practice. Behind the bullish trend, the organization's capital deployment strategy is often quite pragmatic.
In the coming weeks and possibly longer, the market will closely monitor whether the Foundation continues to sell Ether. If the Foundation frequently reduces its holdings, it will inevitably put pressure on Ether's price. Investors should pay attention to technical and fundamental indicators, cautiously assess risks, and determine future price trends.
A Bitcoin price of $100,000 is a critical level. If Bitcoin can break through and stabilize above this level again, the current altcoin rebound will not end prematurely. However, if Bitcoin fails to hold above $100,000, the outcome for altcoins is likely to revert to the starting point.
The liquidity of the Ethereum spot ETF may reflect a realignment of investment direction or an expansion of ranges, coinciding with the new fiscal year that U.S. mutual funds typically start on December 1, while also embodying the market's optimistic expectations for 2025. If this demand continues, Ethereum's price in 2025 could rise significantly.
In a bull market cycle, the market is highly volatile, and it is essential to pay attention to 'risk control,' holding onto spot positions and avoiding excessive leverage to prevent a repeat of sharp drops that could trigger liquidation.
