Ethereum Foundation Sells 5,000 ETH Amid Staking Program
- Stablecoin Conversion: On April 8, the Ethereum Foundation converted 5,000 ETH into stablecoins via CoWSwap, valued at approximately $11.1 million, reopening discussions on whether staking rewards can fully replace the need to sell ETH.
- Sales Alongside Staking: Despite the staking total nearing 70,000 ETH, sales and staking had been operating side by side for weeks before the April announcement, indicating that the foundation has not ceased direct ETH sales but rather increased them.
- Annual Spending Pressure: The Ethereum Foundation recorded $32.6 million in grant spending for Q1 2025, equivalent to about 14,700 ETH, while the April 8 conversion only covered 33% of that quarter's grants, highlighting ongoing financial pressure.
- Financial Framework Impact: The foundation's treasury framework sets annual operating expenses at 15% and a 2.5-year buffer, suggesting that falling ETH prices could increase the pressure to sell more coins, necessitating further ETH sales to meet financial obligations.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1716.736 | 1869.118 | 2025.166 | 2177.548 | 2333.596 | 2485.978 | 2642.026 |
| Fibonacci | 1869.118 | 1986.938 | 2059.728 | 2177.548 | 2295.368 | 2368.158 | 2485.978 |
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