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- Ethereum Foundation converted 1,000 ETH to maintain the treasury balance and support funding goals.
- ETH trades around $4,504 with bullish signals as investors accumulate and exchange balances reach new lows.
The Ethereum Foundation completed the conversion of 1,000 ETH into stablecoins, amounting to roughly $4.5 million. The decision was carried out through CoW Swap, a decentralized trading platform that collects liquidity from different exchanges to give better prices without using a central exchange.
The foundation said the conversion supports its goal of funding research, grants, and donations while maintaining treasury stability. The foundation’s treasury framework states that,
Capital deployments should be balanced between seeking returns above a benchmark rate and extending EF’s role as a steward of the Ethereum ecosystem, with a particular focus on DeFi.
The foundation did not reveal which stablecoins were received in exchange for ether. This sale appears separate from the September plan to convert 10,000 ETH into stablecoins, as the amount is smaller and it used CoW Swap instead of a central exchange.
1/ Today, The Ethereum Foundation will convert 1000 ETH to stablecoins via 🐮 @CoWSwap's TWAP feature, as part of our ongoing work to fund R&D, grants and donations, and to highlight the power of DeFi.
— Ethereum Foundation (@ethereumfndn) October 3, 2025
Foundation Adjusts Focus on Funding and Treasury Balance
Amid the conversion, the foundation paused open grant submissions under its Ecosystem Support Program due to an influx of applications. It now intends to direct funds toward areas it considers more urgent within the Ethereum ecosystem.
Ethereum continues to dominate the decentralized finance market. Data shows it holds about 68% of the total value locked across DeFi platforms, keeping its lead despite pressure from competing blockchains.
Ethereum co-founder Vitalik Buterin said that the project’s long-term stability depends on steady and low-risk DeFi activities. He explained that low-risk DeFi could play the same role for Ethereum as Google’s search service does for Google, a stable source of income. He highlighted payments, savings, synthetic assets, and collateralized lending as examples of consistent and transparent DeFi models.
Ethereum Price Reaction
Ethereum is trading at $4,504 after a short rise on Friday that pushed it to a two-week high of $4,580. After crossing the $4,500 mark, the coin is now facing strong resistance from a downward trend line that started on August 24. If the price breaks through this resistance, it could climb to $4,800.
If ETH fails to break the resistance level, its price may find support around $4,100. If it falls below $4,100, the 100-day Simple Moving Average (SMA) will probably act as the next support level.
The technical indicators show a positive trend. The Relative Strength Index (RSI) is above the neutral level, and the Stochastic Oscillator (Stoch) is in the overbought zone. These signs usually suggest a bullish trend.
Market watchers believe Ethereum’s price could continue its upward path as large holders are buying more, and the amount of Ethereum on exchanges has dropped to a new low. This lower supply on exchanges usually means less selling pressure and shows that investors plan to hold their coins for a long time.
