Ethereum Foundation to dump cheap ethereums on exchanges
Organization Ethereum Foundation, developing Block Ethereum, will push down the falling ETH rate.
After the Ethereum price updated its historical maximum at $24 on August 4,957, the coin price began to decline and has already corrected by 15%. Now the asset rate barely exceeds $4,300, and the risk of a further dump has increased due to the announced Ethereum Foundation plan.
The organization is going to sell 10,000 ETH worth $43,28 million at the current rate to raise money for research programs, grants, and donations. Notably, since the adoption of new budget principles in June 2025, Ethereum Foundation sold Ethereum three times in large transactions apparently conducted over-the-counter.
One of the buyers of the cryptocurrency was SharpLink Gaming, so the sale of coins did not affect their price on the spot market. However, now the organization for some reason decided to get rid of ETH on centralized exchanges, which will put downward pressure on the asset rate.
During the recent bearish trend, Ethereum price has approached the ascending trend line that started in June, which serves as a key support barrier. And the coin’s price growth is limited by the short-term bearish trend line. Therefore, it is clear that Ethereum price:
- It will fall to the uptrend line, which will be in the region of $4,050-4,080;
- Then it will push off from this barrier and go up or break through it and fall.
Possible change in the rate of Ethereum
