{"id":2625,"date":"2025-01-28T06:00:26","date_gmt":"2025-01-28T06:00:26","guid":{"rendered":"https:\/\/ad-doge.com\/blog\/ethereum-foundation-sells-another-100-eth-but-theres-still-hopium-for-holders\/"},"modified":"2025-01-28T06:00:26","modified_gmt":"2025-01-28T06:00:26","slug":"ethereum-foundation-sells-another-100-eth-but-theres-still-hopium-for-holders","status":"publish","type":"post","link":"https:\/\/ad-doge.com\/blog\/ethereum-foundation-sells-another-100-eth-but-theres-still-hopium-for-holders\/","title":{"rendered":"Ethereum Foundation Sells Another 100 ETH, But There\u2019s Still \u2018Hopium\u2019 For Holders"},"content":{"rendered":"

The Ethereum Foundation (EF) recently sold another 100 Ethereum (ETH) for 307,893 DAI, a stablecoin pegged to the US dollar. This marks the third time in 2025 that the EF has sold ETH, raising concerns among ETH holders about the cryptocurrency\u2019s relatively lackluster price performance.<\/p>\n

EF Continues To Sell Ethereum, But Analysts Offer Hope\u00a0<\/h2>\n

In a post<\/a> on X earlier today, on-chain analytics platform Spot On Chain identified a transaction showing that the EF had offloaded another 100 ETH. As of January 27, the EF has sold a total of 300 ETH for approximately $981,200.<\/p>\n

Naturally, the continued selling pressure from the EF has contributed to Ethereum\u2019s price struggles. Over the past 24 hours, the second-largest cryptocurrency by market cap has fallen by 5.7%, trading at $3,125 at the time of writing.<\/p>\n

That being said, the EF still holds a substantial amount of Ethereum. According to data from Arkham Intelligence, the non-profit organization owns 269,175 ETH, worth more than $800 million at current market prices.<\/p>\n

While the EF\u2019s decision to periodically sell ETH has raised concerns among some of the digital asset\u2019s largest holders, seasoned crypto trader CoinMamba believes that all may not be lost for ETH just yet.<\/p>\n

In a post<\/a> on X, CoinMamba shared a chart providing \u2018some hopium\u2019 for the next two months. According to the analysis, the months of February and March have historically delivered strong returns for ETH holders.<\/p>\n

\"ETH\"<\/p>\n

The analyst explained that Ethereum has only posted negative returns in February once, back in 2018, when the digital asset had already surged by 50% in January of that year. In February 2024, the cryptocurrency saw a 46.3% increase in price.<\/p>\n

Crypto trader Crypto Rover shared<\/a> their analysis aligning with the prediction of ETH appreciating in value over the next couple of months. The trader emphasized that ETH is still in a \u2018massive uptrend,\u2019 and there is no reason to panic.<\/p>\n

\"ETH\"<\/p>\n

Is ETH On The Cusp Of A Rally?<\/h2>\n

Despite being overshadowed for much of 2024 by the likes of SUI, Solana (SOL), and XRP, analysts are confident that ETH has yet to experience a bullish price momentum that could bring it closer to its current all-time high (ATH) of $4,878, recorded in November 2021.<\/p>\n

For example, recent analysis by crypto analyst Mister Crypto suggests that ETH has likely bottomed out and a price rally could be imminent for the smart contract platform token. Another analyst pointed out that ETH is completing an inverse head-and-shoulders pattern on the three-day chart, which is considered a bullish signal for the digital asset.<\/p>\n

However, concerns remain regarding Ethereum\u2019s underperformance relative to Bitcoin (BTC), with the ETH\/BTC trading pair hitting four-year lows. At press time, ETH is trading at $3,125, down 5.7% over the past 24 hours.<\/p>\n

\"ethereum\"<\/p>\n","protected":false},"excerpt":{"rendered":"

The Ethereum Foundation (EF) recently sold another 100 Ethereum (ETH) for 307,893 DAI, a stablecoin pegged to the US dollar. This marks the third time in 2025 that the EF has sold ETH, raising concerns among ETH holders about the cryptocurrency\u2019s relatively lackluster price performance. EF Continues To Sell Ethereum, But Analysts Offer Hope\u00a0 In…<\/p>\n","protected":false},"author":1,"featured_media":2626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[252],"tags":[220,22,254,69,71,344,232,73,174,109,279,148],"class_list":["post-2625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news","tag-altcoin","tag-bitcoin","tag-cryptocurrency","tag-eth","tag-ethereum","tag-ethereum-foundation","tag-ethereum-news","tag-ethusdt","tag-sol","tag-solana","tag-sui","tag-xrp"],"_links":{"self":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/comments?post=2625"}],"version-history":[{"count":0,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/posts\/2625\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media\/2626"}],"wp:attachment":[{"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/media?parent=2625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/categories?post=2625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ad-doge.com\/blog\/wp-json\/wp\/v2\/tags?post=2625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}