- Ethereum Foundation’s steady ETH outflows total $52.82M since April 2025.
- ETH faces critical resistance near $2,700 amid a rising wedge bearish pattern.
- Strong trading volume and rising open interest signal growing market optimism.
The Ethereum Foundation is drawing attention again with notable movements of its ETH holdings. According to data from CryptoQuant, nearly 1,000 ETH valued at approximately $2.51 million was recently transferred from Foundation wallets. This transaction is the 21st such outflow since April, pushing the total ETH moved during this period to about $52.82 million.
Despite this pattern of activity, the Ethereum Foundation still holds a substantial balance of 196,770 ETH, worth nearly $495 million at current prices. These developments raise questions about institutional strategies and their possible impact on market sentiment.
ETH Bearish Setup: Foundation Sales and a “Rising Wedge”
As Ethereum trades near the $2,580 mark, technical analysts are watching closely. Carl Moon highlights a rising wedge pattern on ETH’s chart a formation often associated with bearish reversals.
This wedge has brought ETH dangerously close to a critical resistance level at $2,700. If the price fails to breach this ceiling with strong volume, it may confirm the bearish pattern and trigger a sharp drop. The potential downside target could be as low as $2,200.
Conversely, if ETH manages a decisive breakout above $2,700, the wedge would be invalidated. That scenario could revive bullish momentum and open the path to higher levels. Hence, market participants are now looking for clear volume surges to indicate a breakout or breakdown.
ETH Bullish Case: Strong Volume and Open Interest
Despite the technical risk, Ethereum has shown healthy market activity. ETH’s price has climbed by 2.60% in the past 24 hours, now sitting at $2,580.22.
The 7-day gain stands at 4.45%. Ethereum’s trading volume also remains strong, with over $10.2 billion exchanged in the last 24 hours.
Moreover, the derivatives market reflects growing interest. Total open interest in Ethereum has risen to $15.9 billion, with perpetual contracts dominating at $15.6 billion.
Binance leads the exchanges with $6.1 billion in ETH open interest, followed by Bybit, Huobi, and OKX. This increase of over 4.65% in open interest in just one day reflects growing trader activity and market expectations.
Year-End Outlook Holds Optimism
Looking ahead, Ethereum could see significant gains if current predictions hold. Coincodex analysts forecast ETH to trade between $3,222 and $4,048 by December 2025.
Related: Ethereum’s Silent Surge: Metrics Soar as Price Stays Grounded (For Now)
With an expected average price near $3,477, investors might see potential returns close to 57%.
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