Ethereum Foundation Dumps $32M as Fidelity Buys $25.7M – ETH $2200 Crash or $2800 Breakout Incoming?

Key Points

1. The Ethereum Foundation has been transferring 1,000 ETH daily to a multisig wallet, totaling 13,000 ETH ($32 million) in recent weeks.

2. Community backlash has intensified due to the Foundation's persistent ETH sales, with critics arguing it undermines ecosystem confidence.

3. Fidelity purchased 10,283.08 ETH worth $25.7 million, signaling institutional accumulation that rivals historic bull market setups.

4. Technical analysis suggests ETH is at a key decision point, with potential targets of $4,000 or even $7,300 if bullish patterns hold.

5. The Foundation has restructured its operations, including layoffs and rebranding, to focus on Layer 1 and Layer 2 scaling solutions.