The ethereum foundation
In 2024, the Ethereum Foundation sold 4,466 ETH for $12.61 million in stablecoins. Notably, these sales often occurred before significant Ether price drops, suggesting strategic planning by the Foundation.
Currently, the Foundation holds digital assets valued at approximately $914 million, primarily in ETH and WETH. This significant reserve highlights its commitment to supporting the Ethereum ecosystem while maintaining financial stability.
Institutional interest in Ethereum has been relatively low compared to Bitcoin. For example, Bitcoin’s supply on centralized exchanges has steadily declined in recent months, signaling strong accumulation. Meanwhile, Ethereum’s supply on these platforms has remained largely unchanged since March 2024.
Additionally, US spot Ether ETFs have struggled to attract significant interest despite their historic approval by the US Securities and Exchange Commission (SEC). On Tuesday, spot Ether ETFs recorded a net cash outflow of $86 million, with no issuer reporting any net inflow.
Ethereum price has been forming a macro bullish continuation pattern, despite the short-term bearish outlook. In the weekly and monthly chart, Ethereum’s price is less arguably on the verge of a major bullish breakout toward a new all-time high in the near term.
In the daily time frame, however, Ethereum bears have the upper ground over the little buying pressure. Furthermore, the large-cap altcoin, with a fully diluted valuation of about $403 billion and a 24-hour average traded volume of around $40 billion, has been forming a potential head and shoulders (H&S) pattern coupled with a bearish divergence on the daily Relative Strength Index (RSI).
While challenges persist, Ethereum’s long-term outlook remains optimistic. The Foundation’s careful management of its assets, combined with potential bullish price patterns, suggests growth ahead!
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