Ether Price Dips Below $2K as Ethereum Foundation Dumps 5000 ETH in 5 Day

The Ethereum Foundation sold another 1,000 ETH on Saturday, bringing its five-day total to 5,000 ETH worth roughly $9.92 million as ether fell as low as $1,900. The continued offloading comes as the foundation converts holdings into stablecoins, a pattern tracked by onchain analysts. The sales add supply-side pressure to an already weak ether market, with the token dipping below the $2,000 threshold. Traders will watch whether the foundation keeps pace with daily 1,000 ETH sales and whether ether can hold the $1,900 level as a near-term floor.