On January 28, 2025, the Ethereum Foundation (EF) sold another 100 Ethereum (ETH) for 307,893 DAI, a stablecoin linked to the US dollar. This sale raises eyebrows among ETH holders, as it marks the third time this year the EF has offloaded its assets. Concerns are growing about Ethereum’s weak price performance as a result of this selling trend.
The EF’s latest transaction was highlighted by on-chain analytics platform Spot On Chain. They revealed that, as of January 27, the foundation has sold a total of 300 ETH this year, raking in nearly $981,200. The continuous selling pressure from the EF has contributed to Ethereum’s struggles in the market. In the last 24 hours, ETH fell by 5.7% and is currently trading at $3,125.
Despite these sales, the EF still holds a significant amount of Ethereum. Data from Arkham Intelligence shows the non-profit organization owns 269,175 ETH, valued at over $800 million at current prices. This hefty reserve gives some hope to holders who are anxious about the EF’s selling spree.
Some analysts believe that there is still reason for optimism. Crypto trader CoinMamba recently shared a chart on X, suggesting that ETH could see positive returns in February and March. Historically, these months have been kind to ETH holders. The only negative return in February happened in 2018, after a significant January surge. Last year, ETH saw a remarkable 46.3% increase in February.
Another trader, known as Crypto Rover, echoed this sentiment, stating that ETH remains in a “massive uptrend.” He reassured followers that there is no cause for panic.
Analysts are also discussing the possibility of an upcoming price rally. Recent analysis by Mister Crypto indicates that ETH may have bottomed out, suggesting a bullish trend could be on the horizon. Furthermore, an inverse head-and-shoulders pattern has been spotted on ETH’s three-day chart, which typically signals a price increase.
However, some concerns linger. Ethereum has struggled against Bitcoin (BTC), with the ETH/BTC trading pair hitting a four-year low. Despite these challenges, the foundation’s sales and the market’s fluctuations have not completely dimmed the hopes of ETH holders. Many are keeping a close eye on the coming months, eager for signs of recovery.
