A Look at 2025’s First Ether Sale

The Ethereum Foundation, a Swiss-based not-for-profit organization dedicated to the ongoing development and welfare of the Ethereum (ETH) network, has initiated its first Ether sale for the year 2025. This pivotal move saw the Ethereum Foundation exchange 100 ETH for 329,463 DAI, marking its first sale since the beginning of 2025.

In the preceding year, 2024, the Foundation successfully sold 4,466 ETH units, securing a substantial $12.61 million in stablecoins. Historically, the Ethereum Foundation has strategically conducted sales before significant drops in Ether’s market price. As of now, the Foundation holds digital assets valued at approximately $914 million, primarily composed of ETH and WETH.

Low Demand for Ethereum Among Whale Investors

The appetite for Ethereum among institutional investors and whale traders has been notably subdued compared to Bitcoin’s allure in recent months. A clear indicator of this trend is the dwindling supply of Bitcoin on centralized exchanges, a stark contrast to Ethereum’s relatively stable supply since March 2024.

Moreover, US spot Ether ETF issuers have not witnessed the enthusiastic reception that Bitcoin ETFs have enjoyed since the momentous approval by the US Securities and Exchange Commission (SEC). On a recent Tuesday, US spot Ether ETFs recorded a net cash outflow of $86 million, with no issuer seeing a net cash inflow.

Midterm Expectations for Ethereum

Despite a recent bearish outlook, Ethereum’s price is shaping a macro bullish continuation pattern. On both weekly and monthly charts, Ethereum appears poised for a significant bullish breakout, potentially reaching a new all-time high in the near term.

However, on the daily chart, Ethereum bears currently maintain the upper hand, overshadowing the minimal buying pressure. With a fully diluted valuation of approximately $403 billion and a 24-hour average traded volume nearing $40 billion, the large-cap altcoin is developing a potential head and shoulders (H&S) pattern, accompanied by a bearish divergence on the daily Relative Strength Index (RSI).