#Gate广场四月发帖挑战 $ETH ‌

Stop selling, start staking—Ethereum Foundation has shifted from selling to going long?
After staking over $23k worth of ETH the day before yesterday, the Ethereum Foundation has again staked approximately $46.64 million worth of ETH, bringing the total staked amount to $96.59 million. Monitor Arkham states, “The Ethereum Foundation has stopped selling ETH and has begun staking.”
Why stop selling?
1. Market prices make selling “not worthwhile”
Previously, the Foundation’s funding heavily relied on ETH sales. This model not only exacerbated market volatility but also led to a negative cycle of “selling to sustain operations.” Their past actions were partly based on the expectation that ETH prices would fall in a bear market. Holding ETH without selling would see the market value shrink daily. But now that the bear market has entered its mid-to-late stage, it’s unwise to easily relinquish cheap chips.
2. An inevitable choice for financial maturity
This transition marks the Ethereum Foundation’s move into financial maturity. As the Ethereum ecosystem continues to grow, the Foundation’s operational costs keep rising. Relying solely on token sales can no longer sustain long-term stable funding. Staking yields are sustainable—they can cover core operational expenses and provide stable funding for ecosystem development projects. This model not only enhances the Foundation’s financial independence but also allows it to focus more on protocol development and ecosystem building.
Significance for the market
1. Sending a positive signal to market prices
Previously, the Foundation was seen as a “sell signal” source due to multiple high-price ETH sales (such as two “top-take” operations in 2021), raising concerns about the sustainability of the ecosystem’s funding chain. This staking move completely breaks that negative narrative, redefining “Foundation using ETH” from liquidity clearing to “long-term value binding,” greatly easing market fears of official selling pressure and pushing ETH’s evolution from a “speculative token” to a “digital bond.”
Data shows that within 20 minutes of the staking announcement, ETH price surged from $2,000 to over $2,050, with a 24-hour increase exceeding 2.5%, reflecting a positive shift in market sentiment.
2. Stabilizing effect of staking market
Currently, the total ETH staked across the Ethereum network is about 36 million ETH, with a staking rate of roughly 30%. The Foundation’s staking of 23k ETH accounts for only 0.064% of the total staked ETH, but within a single entity, it’s relatively high. This scale is enough for the Foundation to act as a “stabilizer” in decentralized staking pools, increasing its influence in the staking ecosystem.
More importantly, the Foundation employs Distributed Validator Technology (DVT) and minority client staking, setting an example for institutional investors in decentralization. Amid large validators from providers like Lido and Coinbase, the Foundation’s practice helps promote diversification in the staking ecosystem, reducing centralization risks.
3. Enhanced network security
Although 23,000 ETH only accounts for about 0.064% of the total staked ETH (approximately 35.86 million ETH), as a highly credible entity in the decentralized staking ecosystem, it improves the stability and trustworthiness of the staking pool, indirectly encouraging more institutions and individuals to participate. Staking directly enhances Ethereum network security—under PoS, the more ETH staked, the higher the cost for attackers to control the network.
Cutting interest rates is not necessarily a positive. Rate cuts only produce minor short-term benefits over three to five days; fundamentally, rate cuts are medium- to long-term bearish. Be cautious about going long—there’s no top in a bear market, and no bottom in a bull. If short positions are trapped, as long as the position size is reasonable and you can hold without risk, the ETH top is already confirmed before next Monday. Currently, short at 2080, add to short at 2110, and 2120 is unlikely to go higher.
Deep feelings are not as lasting as long companionship; profound love needs no words. When the tide recedes, you’ll see who the heroes are.