Ethereum Price Slides After Foundation Sells Off Millions, Staking Demand Soars

The Ethereum Foundation’s recent sale of $43 million worth of ETH has triggered short-term price fluctuations, with prices falling to below the $4,320 mark. However, this move is countered by a surge in staking demand, reaching its highest level since 2023, signaling strong long-term confidence in the network’s stability and growth. The Ethereum Foundation has announced the plan to liquidate these funds for ecosystem initiatives, but traders remain cautious about potential price dips due to past sales events that have followed a similar pattern.