According to the Coingecko joint report, Ethereum sales from ETHEREM (EF) has no significant impact on the distinctive symbol price as in general.
“Ethereum (EF) operations to ETAREUM (EF) lead to any major market movements?” He asked Coingecko in tweetWhere it revealed its latest study, which proves that the sale of the ethereum Foundation, which is less than 9k ETH has no significant positive relationship with price changes.
The same cannot be said about sales greater than 15 kar. For example, one counterpart, as it sold the Foundation by selling 70,000 from a 20.6 % decrease, while selling 16.3 kar ETH, up 36.5 %.
For research, Coingecko analyzed the sale of EF from October 16, 2017 to January 15, 2025, using data available to the public from Dune, ETHERSCAN, and Coingecko. Note that ethical transactions that exceed 100 ETH were taken into consideration, and that the analysis is not considered any market trends or macroeconomic events.
COININCKO Results confirm the relationship between EF sales and ETH price procedures
According to the report, changing the price of ETH 7 days after the sale of EF is +1.3 %. The report does not refute the claim that the large ETHEREUM Buiddens (EF) sale leads to immediate market reactions. However, he argues that these moves are not negative in a uniform.
The percentage of cases that witnessed the low ETH prices within 7 days of the sale of the EF -47.6 %, indicates that less than half of the EF sales lead to an immediate decrease in the price. In fact, Coingecko claimed that in most cases, EF sales activities do not take the price of ETHEREUM deep diving.
Since sales occurred, it was the largest decrease per week after the sale of EF -41.1 %.
Some sales lead to clear short -term reactions; For example, the sale that occurred on May 17, 2021, led to a decrease in the price of -41.1 % within a week.
Coingecko claims that this level of decline is not universal, as other large transactions sometimes coincide with the increase in prices instead. Also, despite the huge sales, the ETH price has seen a pump in 164 cases, while it decreased in 149 cases.
The mixed result is evidence that the EF spending is not a confirmed ticket on the bloody ETH plans.
Over a period of 30 days, the average selling of ETH Post-ETHEREUM +8.9 %.
The Ethereum Foundation’s spending affects the price of ETH differently over different time frames
To further explore the relationship between EF spending and ETH price procedures, Coingecko has analyzed the connections circulating on three time frames: 3 days, 7 days and 30 days.
The data revealed that the 3 -day trading link fluctuates widely, ranges from -0.999 to +0.999. This indicates extreme volatility, which indicates that short -term price movements may not be severely affected by EF spending, but by the wider market conditions.
One of the cases confirming that this happened on November 19, 2020, when the circulating link reached 0.9998 after it sold EF 16,390 ETH, and the ETH price increased from $ 479 to $ 560 in four days.
Of course, there were also cases sold EF and ETH of low prices in the next three days.
However, both cases prove that short -term links are very vulnerable to the title of market and liquidity instead of what ETHEREUM is doing with its ETH reserves.
Unlike the link for 3 days, the trading bonding for 7 days shows less volatility, with the generally volatile volatility between -0.7 and +0.7. This indicates a more stable but inconsistent relationship between EF and ETH price on a weekly time frame.
The 30 -day trading association provides an insight into the wider market trends. For example, he explains that between 2018 and 2020, the link was often positive, and often exceeded 0.3.
This means that EF financing activities may be linked to market confidence and growth during the stages of expanding the early ecosystem, especially in the bear markets.
However, since 2021, the link was gradually heading towards neutral or negative values, a shift that reflects the maturity of the ETHEREUM market and the impact of the greater macroeconomic powers.
With regard to sales distribution, there is no significant positive relationship between ETH and sales changes below 9K ETH. However, when larger quantities are sold, it is said that there is a stronger positive relationship that appears in most cases.
COININECO Analysis also revealed that the 30 -day circulating relationship between EF and ETH price is mostly concentrated between -0.3 and 0.5, indicating a weak to moderate relationship.
A 7 -day trading link follows a similar distribution but shows more fluctuations, while the circulating link for 3 days is more extreme, with high concentrations, highlighting the sharp but inconclusive reactions in the short -term on EF sales.
All of these results confirm that although the sale of ETHEREUM Foundation often affects the movement of prices in the short -term time frame, long -term links are weak and inconsistent.
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