Ethereum Foundation Sells Another 100 ETH, But There’s Still ‘Hopium’ For Holders

The Ethereum Foundation (EF) recently sold another 100 Ethereum (ETH) for 307,893 DAI, a stablecoin linked to the US dollar. This marks the third time in 2025 that the EFH has sold, so that concern among ETH holders has expressed the relatively matte price performance of the cryptocurrency.

EF continues to sell Ethereum, but analysts offer hope

In one after On X earlier today, an analysis platform place in the chain in the chain identified a transaction showing that the EF had discharged another 100 ETH. From January 27, the EF sold a total of 300 ETH for around $ 981,200.

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Of course, the continuous sales pressure of the EF has contributed to the pricing of Ethereum. In the last 24 hours, the second largest cryptocurrency per market capitalization has fallen by 5.7%, and $ 3,125 is traded at the time of writing.

That said, the EF still has a considerable amount of Ethereum. According to data from Arkham Intelligence, the non-profit organization has 269,175 ETH, with a value of more than $ 800 million at current market prices.

Although the EF’s decision to sell periodically ETH has expressed concern for some of the biggest holders of the digital asset, the seasoned crypto trader Coinmamba believes that all may not be lost for ETH.

In one after On X, Coinmamba shared a graph with ‘Wat Hopium’ for the next two months. According to the analysis, the months of February and March have been historically strongly demonstrated for ETH holders.

The analyst explained that Ethereum posted only once negative returns in February, in 2018, when the digital active in January of that year had already increased by 50%. In February 2024, the cryptocurrency saw a price increase of 46.3%.

Crypto Trader Crypto Rover shared Their analysis that is in accordance with the prediction of ETH that will be valued in value in the coming months. The trader emphasized that ETH is still in a ‘huge upward trend’, and there is no reason to panic.

Is ETH on the eve of a rally?

Although they have overshadowed a large part of 2024 by people such as Sui, Solana (SOL) and XRP, analysts are convinced that ETH has not yet experienced a bullish price momentum that it can bring high (ATH) closer to its current of all time (ATH) of $ 4,878, included in November 2021.

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For example, recent analysis by crypto analyst Menter Crypto suggest That ETH is probably on the bottom and a price rally can be available for the Smart Contract Platform -token. Another analyst pointed From that ETH completes a reverse head-and-shoulder pattern on the three-day graph, which is considered a bullish signal for the digital active.

To assure to stay Regarding the underperformance of Ethereum in relation to Bitcoin (BTC), where the ETH/BTC trading savings affects four-year lows. At the time of the press, the ETH is traded at $ 3,125, a decrease of 5.7% in the last 24 hours.

Featured image of Unsplash, graphs from X and TradingView.com