$ETH is trading at $2,055, down 58% from its all-time high of $4,953 in August 2025, and remains at a level that has become one of the most jarring recurring storylines in cryptocurrencies.
Trader Ash Crypto and others captured the vibe of X with a simple list: Every time. $ETH Since April 2021, it has reached $2,000. There are 12 entries covering a five-year period ending in April 2026.
“Dear Mr. Vitalik, please do something.” he wrote.
The frustration behind those words is widely shared.
Foundation conducts largest staking to date
According to Arkham Intelligence, the Ethereum Foundation has another $46.64 million worth of $ETH Today, that total stake stands at $96.59 million. The move is part of a broader plan to bet $70,000. $ETH In total, you fund your operations through staking yields rather than on a regular basis $ETH sale.
That last part is the real story. The foundation has long raised money by selling parts of its treasury. While this was accepted by the community, it was consistently criticized for adding pressure to sell at worst.
Switching to a yield-based model doesn’t just change the foundation’s balance sheet. This removes the source of subsequent repeated downward pressure on prices. $ETH For years.
$ETH What is being bet on is $ETH It’s not on the market. With $96.59 million committed, this is a meaningful supply shift.
Why you still can’t give up $2,000
Changes in foundation behavior are important. For now, I’m not convinced by the price, but the reason lies deeper than the resistance on the chart.
Ethereum’s user retention rate fell to 14.2% in early 2026, the worst ever, despite hitting a record high of 836,000 active addresses. More people were using the network than ever before. They didn’t come back and didn’t accumulate. $ETH.
By adopting Layer 2, $ETH Each transaction consumes it, weakening one of the asset’s core demand drivers. Meanwhile, the Ethereum ETF has seen more than $392 million in recent outflows, with institutional investors outflowing it rather than inflowing.
Trader Ted takes a technical view of the situation. $ETH It is currently above $2,000, but the resistance between $2,100 and $2,150 remains solid.
“If Ethereum loses the $2,000 level” He pointed out that “I think there will be another downtrend.”
Some analysts are currently $ETH It could even maintain its position as the second largest cryptocurrency, but this level of risk is higher than it seems.
Also read: Ethereum could lose its No. 2 spot in 2026: Can USDT, XRP, BNB, or SOL take it?
Setup complete but no catalyst yet
Removing selling pressure from foundations is structurally beneficial for foundations. $ETHnot an immediate price trigger. Markets reprice according to demand, not just decreasing supply. And with institutional investor sentiment remaining cautious and recovery attempts capped at $2,100, a breakout case requires multiple favorable variables.
What the Foundation has done is $ETHlong-term price trajectory of.
Whether this is the cycle that finally answers the Ethereum community’s pleas for Mr. Vitalik is still an open question, and only the charts can answer that.
