The price of Ether, or ETH, surged by over 10% this April to $2,430. This is due to renewed market optimism.
Chart of the daily ETH/USD exchange rate. Source: TradingView
But during that same time, the Ethereum foundation, an organization overseeing the Ethereum Protocol’s development has been continuing to sell treasuries.
Takeaways:
- In 2026, the Ethereum Foundation sold over 20,000 ETH.
- The demand from institutions for ETH is still strong and offsets the impact of the Foundation on the market.
Why does the Ethereum Foundation sell ETH?
The Foundation purchased 5,000 ETH in early April for approximately DAI $11,000,000. A larger sale of 10,000 ETH OTC was then made to Tom Lee’s Bitmine, at an average cost of $2.383, raising about $23.9 million.
Source: X
Sales are not a reaction to changes in prices, but rather a result of adherence to monetary policy. adopted The next date is June 2025.
These reserves are equivalent to approximately two and a half years’ worth of operational expenses. The Foundation replenishes these reserves periodically through ETH transactions to fund research, protocol development and grants.
It has raised over $45.8 million in just 2026. The Foundation still has around 92,500 Ethereum ($215 Million) in its liquid Treasury. 53,000 ETH stakedData resource Arkham Intelligence.
Ethereum Foundation balance in ETH. Source: Arkham Intelligence
The Foundation’s 53,000 staked ETH may generate $4–$5 million in annual yield, assuming the current ETH price and the annual percentage yield of approximately 2.7%–3.8% gross remains about the same or higher in the future.
The Foundation should be able to reduce its reliance on ETH for funding operations as a result of this new revenue stream.
Is the sale of Ethereum Foundation’s ETH a negative for it?
Ethereum Foundation’s daily sales of ETH remain low in comparison to the total volume.
A typical 5,000–10,000 ETH sale represents just 0.08%–0.25% of Ethereum’s average daily trading volume of $10–12 billion.
Due to its modest size, the Foundation can absorb any sales pressure from the market with minimal impact.
On-chain data already highlights robust underlying demand for ETH from large holders.
As shown in the chart below, for example, this week the number daily accumulation addresses, or wallets that are steadily purchasing and holding Ether rose to 2,434 – surpassing the exchange depositing address (wallets ready to sell) which dropped to 2,300.
Binance ERC-20 whale activity index. Source: CryptoQuant
According to the data of, also, Ethereum spot ETFs recorded large inflows over three weeks in a row, with more than $ 2 billion in capital added since April. SoSoValue.
US spot Ethereum ETF flow weekly. Source: SoSoValue
Wall Street’s demand for Ethereum investments is increasing, as evidenced by the sustained purchases of institutional investors.
Ether’s rising wedge indicates a 15% decline ahead
Technically, Ether currently forms a rising wedge, which is a pattern defined by the convergence of two ascending trendlines, along with a noticeably decreasing volume.
A rising wedge is resolved in technical analysis when the price falls below the trendline and reaches the maximum height of the structure.
Source: TradingView.com. ETH/USD chart. TradingView
By June, if the breakdown is at the wedge’s apex, which is approximately $2,580 and where two trendlines converge, then the downside of ETH will be around $1950. That’s a decline of more than 15%.
Related: Ethereum whale opens $90M long bets as ETH price chart eyes $3.2K
A break above the upper trendline of the wedge may invalidate a bearish forecast. The 200-day exponential moving (200-day EMA) line, which is the blue one, may be the target for bulls as they aim to increase their gains.
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Source: cointelegraph.com
