Ethereum (ETH) Price: $1B in Sell Pressure and ETH Is Still Standing — What the Charts Show

TLDR

• The Ethereum Foundation has staked 69,500 ETH, just 500 short of its 70,000 target
• Over $143 million in ETH is now locked in the Beacon Deposit Contract
• ETH is trading near $2,050 with key support at $2,000 and resistance at $2,150–$2,200
• ETH spot ETF saw $42.1 million in outflows this week, with BlackRock selling $53.3 million
• South Korean retail buyers are stepping in, with the Korea Premium Index turning positive

The Ethereum Foundation (EF) staked over 45,000 ETH on Friday in a series of transactions, each consisting of 2,047 ETH. This brought its total staked amount to roughly 69,500 ETH — just under 500 ETH away from its stated goal of 70,000.

The Friday staking batch was valued at over $92.2 million, according to data from Arkham Intelligence. The EF now has more than $143 million locked in the Ethereum Beacon Deposit Contract.

The foundation began staking in February as part of a treasury strategy announced in June 2025. The plan is to use staking yield to fund protocol research, development, and ecosystem grants instead of selling ETH to cover costs.

The EF staked 2,016 ETH in February, followed by 22,517 ETH in March, before Friday’s large batch.

Co-founder Vitalik Buterin has raised a concern about this approach. He noted in January 2025 that if the EF stakes its own ETH, it would “de facto” be forced to take a side in any future contentious hard fork. The EF says it is looking at ways to reduce that risk.

ETH Price Holds $2,000 as Sell Pressure Builds

ETH is currently trading near $2,050. The $2,000 level has held as support through multiple retests in recent weeks, with buyers absorbing sell pressure at that zone.

Ethereum’s net taker volume has turned deeply negative, showing a surge in aggressive sell orders in derivatives markets. The latest spike is one of the strongest sell-side imbalances seen in recent weeks, coinciding with roughly $1 billion in sell pressure across exchanges.

Price remains below the Ichimoku cloud, which is acting as overhead resistance. The RSI sits near mid-range, showing no clear control from either bulls or bears.

ETF Outflows and Retail Demand

Analyst Ted Pillows posted on X that Ethereum spot ETFs saw $42.1 million in outflows this week, with BlackRock alone selling $53.3 million worth of ETH.

Meanwhile, South Korean retail traders appear to be buying the dip. The Korea Premium Index has turned positive at around 0.6, meaning buyers there are paying above global market prices for ETH.

Spot outflows continue to dominate globally, with only brief inflow spikes that have not changed the broader trend.

ETH’s key upside levels are $2,150 and $2,200. A sustained move above $2,200 could open the path to $2,300 and $2,400. A breakdown below $2,000 could expose $1,900 and $1,800.

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