The post Ethereum Foundation Continues Strategic ETH Sales as Price Hovers Around $3,100 appeared on BitcoinEthereumNews.com.
TLDR: Ethereum Foundation sold 100 ETH for 307,893 DAI, marking their third sale in 2025 totaling 300 ETH ($981,200) Technical analysis shows a flag and pole pattern forming, suggesting a possible breakout with targets at $3,600 and potentially $4,000 The Ethereum Foundation still holds 269,175 ETH worth over $800 million Historical data indicates February and March typically deliver strong returns for ETH holders Multiple analysts predict a potential rally, citing technical patterns and fundamentals like the upcoming Pectra upgrade Recent market activity around Ethereum has drawn attention as the Ethereum Foundation continues its strategic selling while technical analysts identify potential breakout patterns in the price charts. The Ethereum Foundation, a key organization in the Ethereum ecosystem, recently sold 100 ETH for 307,893 DAI, according to data from on-chain analytics platform Spot On Chain. This transaction marks the Foundation’s third sale in 2025, bringing their total sales this year to 300 ETH, valued at approximately $981,200. Despite these sales, the Foundation maintains a substantial position in the cryptocurrency. Current data from Arkham Intelligence shows the organization holds 269,175 ETH, valued at more than $800 million at present market prices. This large holding suggests the recent sales represent a small portion of their overall position. Technical analysts have identified several patterns that could indicate future price movements. Analyst Kartik highlighted a flag and pole pattern formation, noting that this structure has emerged during Ethereum’s current downtrend from the $4,100 resistance level. The analysis points to $2,800 as the next strong support level. Looking at potential upside targets, charts suggest that if Ethereum rebounds from the $2,800 support level, it could rally to $3,600. Some analysts project the possibility of reaching $4,000, though resistance around $4,100 might present challenges for further upward movement. Historical data provides additional context for market observers. According to…