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Ethereum Foundation’s recent ETH sales may impact its price in 2024

Ethereum Foundation’s ETH sales rise: In 2024, the Ethereum Foundation sold 4,366 ETH for 12.21 million USD, averaging 2,796 USD per ETH. This trend indicates growing institutional reliance on stablecoins like DAI for liquidity.

Recent price changes and influences: Ethereum’s price recently dropped by 5%, primarily due to sell-offs by institutional investors. Such actions often result in rapid price fluctuations in the volatile cryptocurrency market.

Market expectations for Ethereum price: Currently priced at 3,692.98 USD, Ethereum maintains potential bullish momentum. Analysts predict that if a trend develops, significant price increases are possible by 2025.

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