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Ethereum Foundation Stakes $46.2 Million in ETH, Nears 70,000 ETH Staking Goal

Highlights:

  • Ethereum Foundation staked $46.2 million in ETH, marking its biggest treasury move into network validation yet.
  • The new deposit moves the foundation closer to its 70,000 ETH staking plan announced in February.
  • Staking helps the foundation keep its ETH, earn rewards, and support Ethereum’s long-term network security.

The Ethereum Foundation has made its biggest Ether staking move so far, depositing $46.2 million worth of ETH in a single transfer. The move is part of its wider plan to make better use of treasury holdings.

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Ethereum Foundation Locks ETH to Secure Network and Fund Development

Data from Arkham Intelligence showed that the company sent 22,517 ETH to the Ethereum Beacon Deposit Contract on 30 March. By staking the funds, the foundation has locked them into Ethereum’s proof-of-stake network, where the ETH helps process transactions, supports network security, and earns staking rewards. 

On 24 February, it first deposited 2,016 ETH and shared a plan to stake about 70,000 ETH in total. The new $46.2 million deposit shows that the plan is now moving ahead much faster. It also shows that the foundation is staking treasury funds on a much larger scale than the first deposit suggested. With Ether trading near $2,000, the full 70,000 ETH target would be worth more than $140 million.

For years, the Ethereum Foundation funded its work by selling ETH from its treasury. Those sales often faced criticism because they could put pressure on Ether’s price and reduce the foundation’s long-term holdings. Now the foundation is using a different approach. It is staking ETH instead of selling it. This strategy lets the organization keep its Ether while earning rewards from the network. The staking income can support research, developer grants, and ecosystem growth. At the same time, the staked ETH helps secure Ethereum and process transactions.

The Ethereum Foundation uses open-source tools called Dirk and Vouch for its staking system. Bitwise said in March that its on-chain solutions team is helping build and maintain the software for this project. Bitwise designed the system to make staking more secure and reliable. The setup uses distributed signing across multiple jurisdictions and supports different clients instead of relying on one software system. This approach reduces risk and makes the overall system more resilient.

The Ethereum network already has more than 38 million ETH staked across about 1.17 million validators. That shows staking already plays a major role in keeping the network running and secure.

Ethereum Price Holds $1,800 to $2,000 Support

Ethereum is trading at $2,053 after gaining 2.78% over the past 24 hours. Its market value stands at $247.81 billion, while daily trading volume has climbed 70.71% to $14.52 billion.

Ethereum Price Chart
Ethereum Price Chart: CoinMarketCap

Analyst Ali said Ethereum is still holding a long-term rising trendline. The price is now testing the $1,800 to $2,000 area, which has often acted as a strong support zone. This range could play an important role in deciding Ethereum’s next move.

If Ethereum keeps holding above this support area, the price may recover and move toward the $4,900 level. That zone has acted as a strong barrier in the past, where selling pressure stopped earlier rallies.

A stronger move from buyers could help Ethereum continue its upward trend. However, if the price breaks below the trendline, the outlook could turn negative and increase the chance of a deeper fall toward $1,150.

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