The Ethereum Foundation has staked approximately 69,500 Ether (ETH) — worth over $140 million at current prices — in under two months as it approaches a 70,000-token target, while analysts say the asset must clear $2,100-$2,150 resistance to unlock further gains.
Ethereum Foundation Staking Push
On-chain data shows the foundation deposited its latest batch of 45,034 ETH on Friday. The tokens were staked in blocks of 2,047 ETH to the Eth2 Beacon Chain deposit contract.
The organization has said it intends to use yield from staking to fund research, development and ecosystem growth.
Data indicates the foundation holds over 102,000 ETH, valued at roughly $210 million, with a total treasury across 14 addresses worth approximately $270 million.
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ETH ETF Outflows
Spot Ethereum ETF investors in the U.S. have continued to pull funds.
The products saw an eight-day streak of withdrawals totaling roughly $440 million before a minor $5 million net inflow on Mar. 30 broke the run.
Inflows of $31.17 million followed on Mar. 31. But outflows of $7.1 million and $71.17 million on Wednesday and Thursday closed the business week in the red, with over $42 million leaving the funds. Apr. 3 was Good Friday in the U.S.
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