Ethereum's bullish trend continues as Argot's ETH sale is viewed as strategic, with strong buy volume reinforcing institutional demand.
ETH supply on exchanges is tightening while ETF inflows and major corporate purchases point to growing long-term investor confidence.
Technical strength above $2,900 and steady accumulation by Wall Street firms suggest Ethereum is primed for a breakout beyond $3,000.
Ethereum’s price action stayed bullish even after a high-profile ETH sale caused a brief market stir. As per Wu Blockchain, the Argot Collective, a non-profit organization spun off from the Ethereum Foundation, sold 1,210 ETH for $3.5 million in USDC. The sale happened at an average price of $2,889.5. However, the Ethereum Foundation clarified it wasn’t directly involved. Despite initial uncertainty, the market response was swift and confident.
Buyers quickly absorbed the dip, pushing ETH back near multi-week highs. This resilience confirms strong demand in the current cycle. Traders saw the sale as routine risk management, not a red flag. The price reclaimed the $2,900 level within hours. Furthermore, social sentiment leaned bullish, with focus shifting to institutional inflows, ETF growth, and protocol upgrades.
Foundation Strategy and Market Outlook
Over the past month, the Ethereum Foundation transferred 21,000 ETH to addresses starting with 0xc06. Of that amount, 1,210 ETH ended up at 0x340, the wallet that made the sale. Hsiao-Wei Wang, Ethereum Foundation co-director, emphasized that Argot Collective—not the foundation—executed the transaction. This detail helped calm the market.
Historically, the Ethereum Foundation has sold ETH to fund grants, research, and events. Now, under 2025 leadership, the strategy includes long-term DeFi exposure. This evolution suggests a maturing approach, not reckless dumping. Moreover, exchange data supports this. ETH continues flowing off exchanges, shrinking available supply while demand intensifies.
Institutions Fuel Ethereum’s Momentum
Wall Street players are shifting focus from Bitcoin to Ethereum. Public companies like Bit Digital and SharpLink Gaming recently disclosed large ETH purchases. Even BlackRock quietly added 20,000 ETH to its iShares Ethereum Trust. Additionally, ETH ETF inflows are surging. Nine funds now hold over 4.1 million ETH. Last week alone saw 61,000 ETH in net inflows, marking eight straight weeks of growth.
Consequently, technical indicators remain bullish. The MACD points upward, and resistance at $2,700 flipped to support. If ETH holds above $2,900, a breakout above $3,000 looks likely. However, any sharp fund transfer from foundation-linked wallets could signal a shift.
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