Foundation ETH Sales Debate
This is a news story, published by CoinGape, that relates primarily to ETH news.
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•Business
Business & Economics
How High Can Ethereum Price Go If ETH Foundation Stops Selling?
71% Informative
Analysts predict ETH price could reach $4,000 to $6,000 if Foundation stops selling ETH .
ETH has been struggling to reclaim its 2021 all-time high of $ 3,870 .
Analysts highlight repeated ETH sales increase market supply, potentially suppressing prices.
If the Foundation pivots from sales, it might also restore community trust and encourage long-term holding.
A bounce here seems highly likely and could trigger an upside move that breaks above the wedge’s upper trend line at roughly $3,375 .
A decisive breakout with a daily candlestick close will confirm that the ETH price is ready for a 17.67% move to $ 4,000 .
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