Ethereum Foundation Sale Continues with 10,000 ETH Moved to BitMine  

The Ethereum Foundation executed another sale of 10,000 ETH to BitMine as part of its treasury strategy. This follows a similar March transaction and comes while ETH trades near $2,280 to $2,300. Recent Ethereum leverage wipeout activity fuels hopes for a cleaner ETH rally amid neutral-to-mild bullish technicals. ETF flows remain mixed, adding nuance to current market sentiment.

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Ethereum Foundation Sales 10,000 ETH 

The Ethereum Foundation Sale moved forward on May 1 as the organization finalized a 10,000 ETH transaction. It executed the deal at an average price of $2,292.15 through OTC channels. The counterparty for this operation was BitMine.  This Ethereum Foundation Sale directly supports core operations.

Funds will advance protocol R&D, ecosystem development, and community grant programs. The transfer originated from the foundation’s Safe multisig address: 0x9fC3dc011b461664c835F2527fffb1169b3C213e.  Officials described the move as part of their established ETH treasury strategy. It follows the transparent policy outlined in their June 2025 treasury update. This latest action continues a pattern seen with the prior March sale of 5,000 ETH.

Market watchers note the timing amid recent Ethereum leverage wipeout events. Some analysts suggest such foundation activity could help pave the way for a cleaner ETH rally by reducing overhang concerns. The Ethereum Foundation Sale underscores ongoing efforts to balance treasury needs with ecosystem support.  

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ETH ETF Flows Turn Mixed as Price Consolidates Near Key Levels

ETH ETF flows turned mixed in recent sessions while Ethereum price consolidated near key levels. The asset currently trades at $2,311.01, reflecting a 0.5 percent gain over the past day. Trading volume reached $6.99 billion as market capitalization stood at $278.85 billion.  ETH ETF flows showed varied institutional activity. 

Some products recorded net outflows while others attracted steady inflows during the consolidation phase. This divergence highlights selective positioning among large investors.  Traders watch the current price range closely. Ethereum holds support near recent lows with resistance overhead. 

The mixed ETH ETF flows add nuance to short-term momentum. Market participants also reference recent Ethereum leverage activity. Such resets often support conditions for a cleaner ETH rally once consolidation ends. As reported by Blocknow, GraniteShares anticipates key developments for leveraged crypto ETFs on May 7.  

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