Today, the Ethereum Foundation made a massive financial move, selling 100 ETH for 374,334 DAI. This transaction highlights an increasing institutional appetite for stablecoin as blockchain foundations increasingly turn to it to stabilize volatility and maintain operational liquidity.

Since 2024, the Foundation has reached $12.21 million through 4,366 ETH sales, with an average per ETH sale of $2,796.

This demonstrates the foundation’s growing reliance on DAI to stabilize its fiscal reserves against the foam and bust of the cryptocurrency cycle.

Ethereum Price Turbulence

Even to this day, Ethereum’s market performance is still highly susceptible to struggle.

Ethereum price today took a hit of 5% after the whole crypto market saw the selling of several digital assets.

Of note, the Foundation executed a sell-off just minutes before a large 4% Ethereum price tumble. This points to the possible correlation between big institutional moves and fast price movements in the crypto-verse.

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Such transactions on the Ethereum market are sensitive to the underlying volatility that continues to shake up the blockchain sector.

These developments are of vigorous interest to investors and market spectators. These are who anticipate possible lasting effects of Ethereum’s strategic liquidations on the market.

Ethereum’s Breakout from Multi-Year Pennant Signals Potential Bull Run

With its recent technical breakout from a multi year pennant formation, Ethereum has gone from exciting investors to getting traders excited in the latest trading week.

The chart analysis depicts that after breaking out of the upper pennant boundary, ETH was retraced once after the breakout and again reaffirmed its abode above said breakout looming landmark.

Currently, Ethereum is at $3,692.98, a key point on its price path in 2024 as we near the end of the year.

According to technical analyzers and their enthusiastic trading lovers, once Ethereum launches a trend, it always has a powerful force. This pattern suggests a strong upward trend through 2025.

Ethereum’s price may not be actively traded by investors who want fast decision-making. However, the bullishness of the crypto market, the growing integration of blockchain in the mainstream financial systems, and the adoption of blockchain technologies in various other sectors, could very well begin to trend for multiple months. This would give investors an excellent opportunity to invest in Ethereum as it could materially capitalize on these trends.

The analysts say it has been a bullish technical breakout from a multiyear pennant formation, exciting investors and traders to the max.

This chart analysis shows ETH tested the breakout level after climbing above the upper boundary of the pennant, thus gaining confidence that it stayed above said breakout level.

Ethereum’s price is $3,692.98 at this time, pointing to a crucial moment in the price’s seemingly unending rise through 2024.

Once it starts a trend, Ethereum doesn’t seem to want a trend to die. However, this pattern suggests that a strong upward trend could get underway in 2025.