"Ethereum's Critical Test: Foundation's $1M Sale, Seasonal Boost Ahead"

Ethereum, the world's second-largest cryptocurrency, is facing a critical support test as its downtrend deepens. The Ethereum Foundation has been strategically selling ETH, with a recent sale of 100 ETH for 307,893 DAI, marking their third sale in 2025. This sale, along with two previous ones, totals 300 ETH, valued at approximately $981,200. Despite these sales, the Foundation still holds a substantial position of 269,175 ETH, worth over $800 million at current market prices.

Technical analysis suggests a flag and pole pattern forming in Ethereum's price charts, indicating a potential breakout. Analysts predict targets at $3,600 and potentially $4,000 if the pattern plays out. However, the next strong support level is identified at $2,800. Historical data shows that February and March have typically delivered strong returns for ETH holders, with only one negative return in February 2018 following a 50% surge in January of that year. This seasonal tendency has caught the attention of multiple market analysts who view it as a potential indicator for near-term price action.

Several fundamental factors are influencing the Ethereum market. The upcoming Pectra upgrade, scheduled for March 2025, represents a technical milestone for the network. Additionally, institutional developments like the launch of Etherealize, designed to facilitate institutional participation, could influence market dynamics. Donald Trump's World Liberty Financial has entered the Ethereum market through buying and staking activities, representing increased institutional involvement in the ecosystem. This participation, combined with potential inflows from ETH ETFs, adds new variables to the market structure.

Current market data shows Ethereum trading at approximately $3,130, showing a 6% decrease over 24 hours. This price movement occurs against the backdrop of broader market fluctuations and ongoing technical developments. Technical analysis from Mister Crypto suggests that Ethereum may have reached a bottom, while other analysts point to an inverse head-and-shoulders pattern forming on the three-day chart. These technical indicators contribute to the overall market analysis.

The ETH/BTC trading pair has reached four-year lows, highlighting Ethereum's recent performance relative to Bitcoin. This metric provides additional