Key Highlights
- Ethereum Foundation’s staking total reaches 69,500 ETH, approaching the 70,000 milestone
- More than $143 million worth of ETH now secured in the Beacon Deposit Contract
- Current trading price hovers around $2,050 with critical support at $2,000 and resistance between $2,150–$2,200
- Weekly spot ETF withdrawals totaled $42.1 million, including $53.3 million from BlackRock
- Korean retail investors showing renewed interest as Korea Premium Index shifts positive
In a significant move on Friday, the Ethereum Foundation (EF) deposited more than 45,000 ETH through multiple transactions, with each batch containing 2,047 ETH. This substantial deposit elevated the foundation’s total staked holdings to approximately 69,500 ETH — leaving them just shy of 500 ETH from reaching their announced 70,000 target.
According to Arkham Intelligence data, Friday’s staking activity represented over $92.2 million in value. The foundation’s cumulative position in the Ethereum Beacon Deposit Contract now exceeds $143 million.
This staking initiative launched in February, following a treasury management strategy the foundation disclosed in June 2025. The objective centers on leveraging staking rewards to finance protocol development, research initiatives, and ecosystem grant programs rather than liquidating ETH holdings for operational expenses.
The foundation’s staking journey began with 2,016 ETH in February, expanded to 22,517 ETH throughout March, and culminated in Friday’s substantial deposit.
Co-founder Vitalik Buterin previously highlighted potential complications with this strategy. In January 2025, he pointed out that the foundation’s staking position would essentially force it to choose sides during any controversial hard fork scenario. The foundation acknowledges this concern and is exploring mitigation strategies.
Price Action Maintains $2,000 Floor Amid Selling Wave
ETH currently trades in the vicinity of $2,050. The $2,000 threshold has proven resilient as support throughout several recent tests, with market participants consistently stepping in at this level to absorb selling activity.
Net taker volume for Ethereum has plunged into deeply negative territory, indicating a wave of aggressive sell orders hitting derivatives platforms. This recent spike represents one of the most pronounced sell-side imbalances observed in multiple weeks, occurring alongside approximately $1 billion in selling pressure across various exchanges.
BREAKING: Ethereum derivatives saw nearly $1B in sell volume after Trump signaled the Iran conflict could persist. pic.twitter.com/mYuEfrZnuJ
— SwanDesk (@SwanDesk) April 3, 2026
The current price action unfolds beneath the Ichimoku cloud formation, which continues to function as a resistance barrier. The RSI indicator hovers around neutral territory, suggesting neither buyers nor sellers have established dominant control.
ETF Withdrawals Contrast With Korean Retail Interest
Market analyst Ted Pillows shared data on X revealing that Ethereum spot ETFs experienced $42.1 million in net withdrawals throughout the week, with BlackRock responsible for $53.3 million in ETH liquidations alone.
$ETH ETF outflow of $42,100,000 🔴 this week.
BlackRock sold $53,300,000 in Ethereum. pic.twitter.com/s4LUpb6fi2
— Ted (@TedPillows) April 4, 2026
Conversely, South Korean retail market participants appear to be accumulating during the decline. The Korea Premium Index has rotated into positive territory at approximately 0.6, indicating that Korean traders are willing to pay premiums above international market rates for ETH.
Global spot market flows remain withdrawal-dominated, with only occasional inflow bursts that haven’t reversed the prevailing trend.
For upside movement, ETH faces immediate resistance levels at $2,150 and $2,200. Breaking decisively above $2,200 could unlock pathways toward $2,300 and $2,400. Conversely, losing the $2,000 support zone could trigger downside moves toward $1,900 and potentially $1,800.
