Ethereum Foundation Maintains Treasury Sales Amid Rising Institutional Demand

The Ethereum Foundation has sold approximately 20,000 ETH in 2026, raising over $45 million to maintain its operational reserves. These liquidations, which include a recent 10,000 ETH OTC transaction to Bitmine at an average price of $2,387 and a 5,000 ETH sale for $11 million in DAI, are part of a disciplined treasury policy established in June 2025. The nonprofit aims to keep fiat and stablecoin reserves sufficient for 2.5 years of operating expenses to fund research, grants, and ecosystem support. To reduce future reliance on asset sales, the Foundation has staked 53,000 ETH, which is expected to generate between $4 million and $5 million in annual yield based on current rates. Despite these sales, the impact on market liquidity remains minimal. Typical Foundation transactions represent only 0.08% to 0.25% of the daily trading volume, which currently ranges between $10 billion and $12 billion. On-chain data further supports underlying strength, with daily accumulation addresses (2,434) currently outnumbering exchange depositing addresses (2,300). Institutional appetite also remains robust, with spot Ethereum ETFs attracting over $2 billion in new capital since early April. However, technical analysts warn of a 'rising wedge' pattern on the daily chart. A breakdown from this structure could see ETH drop 15% to approximately $1,950 by June. Conversely, a break above the upper trendline could push the price toward the 200-day exponential moving average at $2,630.