The Ethereum Foundation has completed its planned 5,000 ETH sale, averaging $2,221 per token while converting proceeds into $11.11 million of DAI. Concurrently, institutional wallets and spot ETF inflows have shown accumulation. Ethereum’s price rebounded above $2,200 following geopolitical developments, with one analyst suggesting a potential final surge to the $2,350-$2,400 range before a correction.
The Ethereum Foundation has sold all 5,000 ETH it outlined for operational funding. According to data from Lookonchain, the disposals were completed in batches by April 11. The tokens were sold at an average price of $2,221 and converted into $11.11 million in DAI.
In contrast, a wallet linked to Cumberland withdrew roughly $60 million in ETH from major exchanges. Spot Ethereum ETFs recorded $65 million in net inflows on Friday, contributing to a positive weekly total of $187.07 million for the first time since March 13.
Ethereum’s price recently surged from $2,050 to over $2,250 as of press time, influenced by a two-week truce between Iran and the U.S. Analyst Ted Pillows stated, “$ETH is back above the $2,200 level.” He noted that if this zone holds, Ethereum could move towards the $2,350-$2,400 level.
Pillows added that such a move “would likely be the last pump.” Another analyst, CW, indicated increased activity among ETH futures whales, as seen by a rising number of long positions that had been quiet since April 8. Data shows whales and institutions are accumulating amid broader market movements.
