Can ETH Soar if the Foundation Quits Selling? 🚀

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Oh, hello there! Let’s dive into the juicy drama that’s been unfolding in the crypto world, shall we? The Ethereum Foundation’s very interesting ETH sales have got everyone talking. 🗣️ Some say these sales are the reason why Ethereum can’t catch a break and is trailing behind the rest of the crypto gang. 😕 ETH is stuck between $3,200 and $3,400, a far cry from its 2021 glory days. 💸

Foundation’s ETH Sales: A Blessing or a Curse? 🤔

Now, the Foundation’s decision to sell 200 ETH for a cool $672,000 didn’t sit well with some folks. 🙄 Critics argue that these sales are a big ol’ thumbs down for Ethereum’s health, especially when Bitcoin is partying like it’s 1999. 🎉 One of Ethereum’s biggest cheerleaders, Josh Stark, tried to calm the storm, saying it’s just business as usual. 💼 But, you know, when your price is 31% below your peak, any bad news feels like a punch in the gut. 🥊

the EF uses Ethereum all the time, for instance to (1) swap ETH for stables (usually @CoWSwap) and (2) to pay people (grantees, team members) in stables and ETH, on mainnet and L2s. Events we run (like Devcon and Devconnect) take onchain payments and use onchain ID for tickets.

— Josh Stark (@0xstark) January 20, 2025

Analysts point out that these sales are like adding more water to an already flooded market, potentially sinking ETH’s price even further. 🌊 If the Foundation decides to pump the brakes on their ETH sales, could we see a rally? 🏃‍♂️

Breaking through the $3,400 barrier could unleash a 6% rally to $3,524, and who knows, maybe even $3,720 if the bulls keep charging. 🦁

Price Targets and Predictions: How High Can We Go? 📈

For 2025, Ethereum price forecasts are painting a rosy picture, with targets from $3,737 to $5,925. 🌹 But let’s face it, ETH needs a little more than just a coat of paint to fix its problems. 😒

  1. Supply Constraints: Staking and reduced ETH issuance were supposed to be the knight in shining armor, but 2024 showed us that sometimes knights fall off their horses. 🐎
  2. Layer-2 Solutions: While Arbitrum and Optimism were supposed to lower transaction fees, Solana stole the show and left them in the dust. 🏃‍♂️💨
  3. Regulatory Clarity: This one’s the wildcard. Favorable regulations could be the magic potion to make all the bad juju go away and invite the big boys and girls to the party. 🎉

So, can ETH fly to $4,000 to $6,000 if the Foundation stops selling? It’s a game of wait-and-see, my friends. 🕰️ Will the Foundation change its tune and let ETH sing its victory song? 🎶

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2025-01-23 14:48