Ethereum is trading around $2,113 Market attention has turned to Vitalik Buterin’s new comments regarding the Ethereum Foundation and its future role. $ETH sale. The Ethereum Foundation is expected Buterin said this approach would mean “reduced revenue” for the organization, which aims to use its remaining resources smaller, more focused and more selectively. $ETH”
The update came in the meantime $ETH I kept getting pressured. Ethereum rebounded about 5% from its weekend lows around $2,020, but has since been flat at around $2,115. Although the asset is still down about 9% over the past 14 days, Ethereum’s Fear and Greed Index is at 33, indicating fear among traders.
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According to Santimento data, crowd sentiment on Vitalik-related trending words became about 76% more bullish after comments. However, the price reaction remains limited, indicating that the improvement in sentiment has not yet triggered a strong recovery. $ETHmarket structure.
Ethereum Foundation plans to reduce role
buterin said The Ethereum Foundation is not the center of Ethereum, but one node with a clear mission. He said the organization will focus on core priorities such as resisting censorship, resisting capture, openness, privacy and security.
The foundation also said it only held about 0.16% of the total. $ETH supply. This level is far below the financial share held by many foundations behind other blockchain networks. Buterin said the foundation is choosing longevity over scale because of limited resources.
The new direction means the Foundation may reduce the activities that can be handled by other groups within the Ethereum ecosystem. Buterin said some work is needed to support $ETH This is because financial assets are outside the scope of the Foundation’s role and must be managed by other organizations.
Foundation’s expected savings $ETH If there is a sell-off, one of the concerns in the market may be alleviated. Still, the size of their holdings, compared with broader market flows from exchanges, ETFs, funds, and large holders, suggests that direct supply effects may be limited.
$ETH Price war despite purchasing activity
Ethereum remains It has been on a short-term downward trend since May 11th, dropping from about $2,375 to about $2,031 on May 23rd. This move corresponds to a decline of approximately 14.5%.
CryptoQuant analyst Carmelo Aleman pointed out that: $ETH It fell despite signs of aggressive buying. Spot volume decreased from 470,770 $ETH Up to 256,963 $ETH It decreased by about 45.4% in 12 days. In dollar terms, spot trading volume decreased from approximately $1.1 billion to $521.4 million.
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Derivative data also fails to confirm a strong bullish expansion. Open interest changed slightly from $15.43 billion to $15.54 billion. Funding rates remained positive, so long traders continued to pay to maintain their exposure. $ETH Moved down.
Spot-taker CVD remained a strong buy, but prices still fell. This suggests that although there were active buyers, seller-side liquidity and available supply continued to absorb demand. The exchange’s net flow was also negative by nearly 80,507. $ETHshowing net outflows from the exchange, but still $ETH I couldn’t sustain my recovery.
Ethereum price recovery to $2,500 depends on key resistance
for $ETH price To recover above $2,500, buyers will need to reclaim nearby resistance and rebuild spot volume. The current price range around $2,100 remains below the broader accumulation zone between about $1,600 and $2,600.
Ethereum is still trading within the long-term uptrend channel that has been respected since early market cycles. The lower half of that channel is currently being tested. Reflections from this area keep broader structures intact and $ETH Attempt a move towards $2,500.
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The first significant bullish zone is between $2,600 and $3,000. A break above this area would increase the likelihood of an even bigger recovery towards $4,200-$5,000. Some long-term chart forecasts have a macro target of $10,000, but that level is still far above current market prices and would require a major trend reversal.
On the downside, the main level to watch is $1,984. if $ETH If we lose that area, the next support zone will be around $1,937. A deeper breakdown below $1,600 on the two-week chart would weaken the long-term structure and bring the $1,000 to $1,300 support range into focus.
