Ethereum Foundation sells $11M worth of ETH as price prepares for ‘final pump’

One analyst said ETH could aim for a brief pump before diving again.

The non-profit organization dedicated to supporting and growing the Ethereum ecosystem got rid of the 5,000 ETH it had planned to sell.

Meanwhile, some whales and institutions began accumulating, while spot ETH ETFs ended the week in the green for the first time in almost a month.

EF sells, whales buy

After reaching its goal of 70,000 ETH staked, the Ethereum Foundation presented its intention to give away 5,000 ETH to finance its operations. The sales took place in a few batches, with the first ending on April 9 and the second on April 11.

The average price at which the organization dumped its tokens was $2,221, according to Lookonchain data. They converted the funds into 11.11 million DAI.

THE #EthereumFoundation sold the remaining 1,250 $ETH($2.8 million).

So far, the 5,000 $ETH planned for sale have been fully converted into 11.11M $DAIat an average price of $2,221. pic.twitter.com/wAb4FA5V5N

– Lookonchain (@lookonchain) April 11, 2026

In contrast, additional data from Lookonchain shows that a wallet linked to Cumberland withdrew approximately $60 million in ETH from multiple exchanges, including OKX and Binance.

Ethereum spot ETFs also finished the week strong, with $85.19 million in net inflows on Thursday and another $65 million on Friday. Taking into account Monday’s $120.24 million, which offset losses from Tuesday and Wednesday, the week ended with net inflows of $187.07 million, making it the first green week since the one that ended March 13.

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One last pump?

ETH was one of the biggest beneficiaries of the two-week truce between Iran and the United States, as it rose from $2,050 to over $2,250 at press time. Well-known crypto analyst Ted Pillows believes the asset could target $2,350-$2,400 after bouncing above $2,200, which would “likely be the last pump” before another correction, as seen in his chart below.

$ETH is back above the $2,200 level.

If this zone holds, Ethereum could move towards the $2,350-$2,400 level, which would likely be the last pump. pic.twitter.com/3UQCv5nzKH

– Ted (@TedPillows) April 11, 2026

Meanwhile, another analyst, CW, reported that there was an uptick in ETH futures whales “ending their rest and returning,” as evidenced by the growing number of long positions, which “had remained quiet since the 8th.”