Ethereum Foundation sold 10,000 ETH on April 24, 2026. Sales; Under the over-the-counter (OTC) agreement with BitMine, it was completed at an average price of $2,387 and the total transaction value was approximately $23.87 million. The Foundation stated that it took this decision to provide financing for its operations and preferred the OTC method to minimize price fluctuations in the market.
Transparency and policy details
According to the Ethereum Foundation’s statement, the transaction was carried out on the blockchain and executed through a multi-signature Safe wallet. The Foundation prioritizes user trust and transparency in transfers. This sale, made with BitMine in April 2026, was a continuation of the previous transaction of 5,000 ETH in March. These sales are fully consistent with the official Treasury Policy published in June 2025.
The foundation states that the revenues will be used for activities such as R&D, development and grant programs. Within the scope of the policy, annual expenditures are limited to 15 percent of treasury assets, while working capital is aimed to be maintained for a period of approximately 2.5 years.
Ethereum price and market dynamics
On the day of the sale, the Ethereum price was $2,353; Although there was a 2.73 percent increase in the last five days, the $ 2,500 level, which is considered the psychological limit, was not exceeded. Opening at $2,331 on the new day, Ether showed a partial recovery despite negative factors such as the increase in oil prices and geopolitical developments in the Strait of Hormuz.
While the leading cryptocurrency Bitcoin increased by 5.81 percent in the same period, its annual return rate reached 29.8 percent. On the other hand, it is observed that interest in altcoins is weak in the short term. High-volume sales by foundations and large investors put pressure on market perception.
Analysts agreed that Ethereum’s failure to overcome the $2,500 resistance is critical for a permanent recovery in price. It is stated that if the asset exceeds the $ 2,400–2,500 range in the next few weeks, higher levels can be targeted.
According to market research, the value of the total 92,538 ETH held by the Ethereum Foundation reaches 214 million dollars. Some of these assets are used in staking transactions, the returns of which are returned to operations. The OTC sales method was preferred so that large amounts of liquidation would not directly put pressure on the price.
Staking move and long-term predictions
At the beginning of April, the Ethereum Foundation completed its long-planned 70,000 ETH staking target. In this context, the foundation deposited a total of 45,034 ETH into Beacon Chain in different lots; thus, the total staked amount exceeded 69,500 ETH. At the prices of that period, the value of these assets reached around 143 million dollars.
The annual interest rate for staking transactions varies between 2.7 and 3.8 percent. In this context, these assets held by the Ethereum Foundation can provide an annual return of approximately 3.9 to 5.4 million dollars.
According to long-term predictions, the average price of Ethereum may reach around $5,732 by the end of 2026. It is also stated that in 2029, the asset can be traded between 14,306 and 16,794 dollars and the average price may reach 15,550 dollars.
