Ethereum Foundation Sells $11M Worth of ETH as Price Prepares for ‘Last Pump’

One analyst mentioned ETH might be aiming for a short pump earlier than it nosedives once more.

The non-profit group devoted to supporting and growing the Ethereum ecosystem has disposed of all 5,000 ETH it had deliberate to promote.

In the meantime, some whales and establishments have began to build up, whereas the spot ETH ETFs ended the week within the inexperienced for the primary time in nearly a month.

EF Sells, Whales Purchase

After reaching its objective of 70,000 staked ETH, the Ethereum Basis outlined plans to get rid of 5,000 ETH to fund its operations. The sell-offs have been accomplished in a few batches, with the primary ending on April 9 and the second on April 11.

The typical value at which the group disposed of its tokens was $2,221, in line with knowledge from Lookonchain. They transformed the funds into 11.11 million DAI.

The #EthereumFoundation has offered the remaining 1,250 $ETH($2.8M).

To date, all 5,000 $ETH deliberate on the market have been absolutely transformed into 11.11M $DAI, at a mean value of $2,221.https://t.co/nwflbWOvSl pic.twitter.com/wAb4FA5V5N

— Lookonchain (@lookonchain) April 11, 2026

In distinction, further knowledge from Lookonchain shows {that a} pockets linked to Cumberland withdrew roughly $60 million in ETH from a number of exchanges, together with OKX and Binance.

The spot Ethereum ETFs additionally completed the week sturdy, with $85.19 million in web inflows on Thursday and one other $65 million on Friday. Given Monday’s $120.24 million, which offset the losses on Tuesday and Wednesday, the week ended with web inflows of $187.07 million, making it the primary inexperienced week for the reason that one which ended on March 13.

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One Final Pump?

ETH was among the many greatest beneficiaries of the two-week truce between Iran and the US, because it surged from $2,050 to over $2,250 as of press time. Effectively-known crypto analyst Ted Pillows believes the asset might goal $2,350-$2,400 after rebounding above $2,200, which might “seemingly be the final pump” earlier than one other correction, as proven in his chart under.

$ETH is again above the $2,200 stage.

If this zone holds, Ethereum might transfer in the direction of the $2,350-$2,400 stage, which might seemingly be the final pump. pic.twitter.com/3UQCv5nzKH

— Ted (@TedPillows) April 11, 2026

In the meantime, one other analyst, CW, indicated that there’s a notable uptick in ETH futures whales “ending their relaxation and shifting once more” as evident by the rising variety of lengthy positions, which “had been quiet for the reason that eighth.”