Ethereum Foundation Unstakes $49M in ETH, Market Speculates on Sell-Off

News Flash 2026-04-27 11:50

The Ethereum Foundation has unstaked nearly $49 million worth of ETH, leading to market speculation about a potential sell-off. The transactions involved multiple transfers of wrapped staked ETH (wstETH) to Lido’s unstaking contract, each batch valued at approximately $2.3 million. This coordinated activity has raised questions about the Foundation's intentions, especially following a recent off-chain trade of 10,000 ETH. Despite the significant on-chain movements, Ethereum's price remains stable, trading between $2,300 and $2,400. This range serves as a critical decision zone, with potential for upward movement if prices break above $2,400. Conversely, a drop below $2,300 could see Ethereum retreat to the $2,150 to $2,200 support zone. The market remains watchful as it awaits further developments.

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