Ethereum Foundation Reveals $32 Million Funding, ETH Price Surge to $2,200 Soon?
Highlights
- Ethereum Foundation funding will support projects across areas like community development, consensus layer improvements, zero-knowledge proofs, etc.
- Following the successful Pectra upgrade, ETH price surged by 7.58%, reaching $1,971.
- ETH dominance is holding firm within a key support zone, signaling market stability.
A day after the successful implementation of the Pectra upgrade, the Ethereum Foundation published its Q1 2025 funding report, allocating a staggering $32.65 million to boost its projects and drive growth and innovation within the ecosystem. The announcement comes as ETH price is up 6.76%, crossing $1,950 level, and daily trading volume reaching $21 billion.
Ethereum Foundation Allocates $32.65 Million in Q1 2025
During the first quarter of 2025, the Ethereum Foundation allocated $32.65 million to new projects within the ecosystem, aimed at driving growth and innovation. Since the beginning of 2025, the Foundation has been heavily selling ETH despite the continuous selling pressure on the ETH price. However, co-founder Vitalik Buterin defended these sell-offs, calling it essential to fund projects.
The Foundation has distributed the funding across several key areas, including community and education, consensus layer development, zero-knowledge proof technology, developer tools, and the execution layer. This strategic investment underscores the Foundation’s commitment to fostering Ethereum’s technical evolution.
The announcement comes within 24 hours of the ETH Pectra upgrade going live, which introduced key network developments, faster transactions, smarter wallets, and much more. Experts have hailed it as the most significant upgrade since the Merge, anticipating substantial improvements for the blockchain.
ETH Price Eyes Quick 12% Gains
A day after the Pectra upgrade, ETH price is showing major strength, up by 7.58% at press time, moving all the way to $1971 levels. With today’s price rally, the ETH derivatives market is also heating up with ETH futures open interest shooting 11% to $23.72 billion, as per the Coinglass data. Additionally, the 24-hour liquidations have shot to more than $108 million, with more than $88 million in short liquidations.
Prominent crypto analyst Rekt Capital has highlighted a critical price movement for Ethereum (ETH). The analyst noted that the ETH price has successfully shot past the $1,930 mark, which could set the stage for a rally to $2,200.
The analyst also added that ETH dominance is maintaining its position within a critical support zone (marked in green), signaling stability in the market. Holding this level is essential for ETH to strengthen its market presence and pave the way for increased dominance in the coming months.
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