Ethereum Foundation Stakes $96.6M ETH Amid Price Action Near $2,000

Key Insights:

• The Ethereum Foundation staked $46.64 million in ETH. This move lifted its total staked holdings to $96.59 million, according to Arkham data.
• The Ethereum Foundation has shifted from selling ETH to staking. This indicated a change in how it manages treasury holdings.
• ETH price traded near $2,000. The chart showed a long-term ascending channel with $1,400–$2,000 as support.

On April 3, Ethereum stayed in focus as new on-chain data showed the foundation added more ETH to staking. This development fueled discussions around ETH price prediction.

Arkham monitoring shows the foundation staked $46.64 million in ETH. This action raised its total staked amount to about $96.59 million.

The move came as ETH traded near $2,055 and held above a closely watched support area. Traders are now tracking whether treasury staking, whale accumulation, and chart structure can help Ethereum defend key levels.

The latest treasury move involved about 45,000 ETH sent in batches to the Beacon Chain deposit contract. Reports said the transfers came from the foundation’s treasury wallet.

Moving ahead, another staking event earlier in the week involving about 22,500 ETH followed it. With the new deposits, the foundation’s total staked ETH reached about $96.6 million.

The activity marks a change in treasury management. In prior periods, the Ethereum Foundation often sold ETH to fund development, research, and grants.

This time, it moved more ETH into staking, which allows the holdings to generate validator rewards. At the same time, they remain tied to the network’s proof-of-stake system.

Ethereum traded near $2,055 on April 3, according to the provided market data and chart details. One short-term analysis placed ETH in an ascending channel. This channel has guided price action since late February, shaping ETH price prediction.

Within that structure, the token sat between the 0.5 Fibonacci level near $2,093 and the 0.618 level near $2,024.

That lower zone has become the main level on the downside. A daily close below $2,024 would weaken the current channel and expose ETH to a deeper pullback toward $1,925. If that area fails, traders look toward the $1,800 zone, which sits above the February low near $1,742.

Some market signals still point to pressure on Ethereum’s short-term trend. One report noted that the Smart Money Index on the 8-hour chart was tied to its signal line.

This reflected hesitation rather than a clear directional move. The same report also pointed to a bearish RSI divergence, with price making a higher high while momentum failed to match it.

At the same time, on-chain data showed continued whale accumulation. Santiment figures cited in the report said whale wallets added about 1.29 million ETH between March 24 and April 3.

That buying brought whale supply to 122.98 million ETH. However, the report also noted that whale accumulation did not stop the sharp decline seen earlier this year.

A separate long-term chart shared by Crypto Patel presented a broader bullish case of ETH price prediction.

That chart placed Ethereum inside a multi-year ascending channel that has held since 2017. It also marked an accumulation zone between $2,000 and $1,400 and showed price testing of that region again.

In that setup, the long-term path remained valid as long as the broader channel held. The chart mapped upside targets at $10,000, $25,000, and $50,000 over time. On the other hand, the support band around $1,400 to $2,000 stayed central to the structure.

The near-term price path now depends on whether Ethereum can reclaim overhead resistance. Therefore, the first level to watch on the upside stands near $2,162. A move above that area would weaken the current bearish divergence setup and improve the short-term structure.

The post ETH Price Prediction as Ethereum Foundation Lifts Total Staked ETH to $96.6M appeared first on The Market Periodical.