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Ethereum Foundation Sells Again Despite Facing Backlash, What’s Next For ETH?
The Ethereum Foundation’s latest decision to sell massive amounts of ETH has sent shockwaves throughout the broader crypto industry. Amid a broader market slump witnessed on Monday ahead of FOMC and DeepSeek’s rise, EF offloaded 100 ETH, raising concerns over the asset’s future price trajectory. ETH price has tanked 7% in the past 24 hours, aligning with the broader trend and massive selloff.
In turn, investors are extensively eyeing the token, speculating over future price movements.
Ethereum Foundation Sells 100 ETH Despite Backlash
According to data by Spotonchain on X, as of January 27, the Ethereum Foundation has sold 100 ETH for 307,893 DAI. Notably, this selloff has further amassed negative sentiments in the market, which is in line with the crypto community’s previous backlash surrounding the EF’s functioning measures.
The EF has constantly been selling coins as a part of its structuring model and supporting the network’s development. In line with this, Ethereum co-founder Vitalik Buterin has also recently outlined plans for a major restructuring of the NPO via a series of posts on X. However, the crypto community reflected an unpleasant sentiment in the wake of the NPO’s functioning. Despite facing significant backlash, the organization has been registered to sell a total of 300 ETH for 980,388 DAI in 2025.
Market Crash Solidifies Concerns
Meanwhile, the Ethereum Foundation’s heightened selling is accompanied by a broader crypto market crash, in light of the FOMC and DeepSeek’s rise, which appears to have brought ETH price volatility. The broader market tanked alarmingly as investors remained cautious ahead of the Jan 29 FOMC.
Further, the rise of open-source Chinese AI startup DeepSeek has also significantly impacted markets. The AI startup, outperforming Meta and OpenAI promptly after its inception, has threatened the U.S. large-cap tech stocks, AI coins, and the crypto market. In turn, Bitcoin, ETH, XRP, and most of the coins have traded dominantly in the red.
Can ETH Price Recover?
At the time of reporting, ETH price dropped by 7% and is currently trading at $3,066. The coin’s intraday low and high were $3,024.09 and $3,343.15, respectively. As mentioned above, the current slumping movement falls in line with the broader market trends and Ethereum Foundation’s selloffs.
Simultaneously, an Ethereum price analysis by CoinGape revealed that the crypto could reach a $4,000 to $6,000 level if the NPO stops selling. Another analysis revealed that the underdog crypto has been growing bullish against the backdrop of a spike in whale buying. Overall, despite the recent lackluster performance, market watchers anticipate price momentum shifts ahead.
Notably, this projection is also attributable to past performances, as shown in CoinGlass data. Ethereum offered +46% returns as of February last year, whereas it offered nearly 2% and 9% gains as of February 2023 and 2022, respectively. In light of the asset’s past performances in February, market watchers speculate whether the upcoming month could be promising for the crypto.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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