Will Ethereum Reach $10,000?

Jakarta, Pintu News – Ethereum (ETH) came under selling pressure this week after wallets associated with the Ethereum Foundation sold thousands of ETH, which raised concerns among investors.

Despite this pressure, Ethereum’s price is currently at $4,412.54, down 0.32% on the day. This sell-off coincided with high US inflation data and comments from the government that also put pressure on the crypto market.

So, can ETH go to $10,000? Read the full analysis from crypto analyst Ether Whizz at X in this article!

Big Sale by Ethereum Foundation

A wallet associated with the Ethereum Foundation, with address 0xF39d, has sold 7,294 ETH worth $33.25 million in three days at an average price of $4,558. The wallet is known to be a savvy trader, previously buying 33,678 ETH in 2022 at $1,193 per ETH.

These latest sales include 1,300 ETH worth $5.87 million on August 15, and 2,795 ETH on August 13. These sales coincided with the release of US producer inflation data that rose 3.3% year-on-year in July, which reduced expectations of an interest rate cut by the Federal Reserve.

In addition, the US Secretary of the Treasury confirmed that there are no immediate plans to purchase Bitcoin (BTC) or Ethereum (ETH) for the US strategic reserve. The combination of these factors adds uncertainty to Ethereum’s near-term prospects.

Also read: BlackRock Holds $86 Billion Worth of Bitcoin, What’s the Impact?

Strong Institutional Demand

Despite panic selling from retail traders, institutions showed resilience. SharpLink Gaming added 130,000 ETH, increasing its total to 728,804 ETH worth $3.38 billion. Bitmine also bought 28,650 ETH, about $130 million, increasing its total stash to 1.17 million ETH worth $5.1 billion.

This strong demand from institutions helped balance out the panic selling from retail traders. The presence of large buyers in the market shows that there is still confidence in Ethereum’s long-term value.

Crypto market analysts suggest that this could be an opportunity for investors looking for a good entry point, given Ethereum’s potential price rebound.

Also read: These 3 Solana Memecoins Crash Over 12% in a Week, Why?

Parallel to the 2017 Rally

Cryptocurrency expert, Ether Wizz, points out that the current price pattern is similar to what happened during Ethereum’s big surge in 2017.

Prior to that, Ethereum experienced a brief consolidation before breaking out of the 50-week SMA and starting to rise. A similar situation was seen in 2025, when the price once again found support above the moving average.

According to Ether Wizz, Ethereum has the potential to reach $10,000 in this cycle and will probably continue to rise. This comment confirms that seeing Ethereum as having peaked is a big mistake, given the technical indicators and growing institutional interest.

Conclusion

Recent activity from wallets associated with the Ethereum Foundation is putting short-term pressure on the market. Although Ethereum is still quite far from its previous peaks, technical indicators and growing institutional interest indicate the potential for a rebound. This is an interesting time for investors to observe these market dynamics.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today‘ s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Ethereum Faces Sell Pressure from Foundation Yet Bulls Persist. Accessed on August 18, 2025
• Featured Image: Generated by AI