Can Ethereum price recover despite leadership controversies?
Is $3,730 Ethereum’s next big price target?
Ethereum (ETH) has been making headlines recently, both for its price action and ongoing community controversies. Let’s explore the latest price movements, technical insights, and how the Ethereum Foundation’s leadership struggles might influence its future.
ETH Price Holds Steady Near Key Support Levels
Ethereum found crucial support at its 200-day Exponential Moving Average (EMA) at $3,130 on Sunday, rebounding by 3.49% in just two days. By Wednesday, ETH was trading around $3,328, showing signs of recovery.
Key Levels to Watch:
Support: $3,130 (200-day EMA)
Resistance: $3,730 (daily resistance level)
Psychological Level: $3,000
If the $3,130 level holds, Ethereum price could test the $3,730 resistance in the coming days. However, a break below $3,130 might see ETH decline toward the critical $3,000 mark.
Technical Indicators Signal Mixed Momentum
Ethereum's technical indicators provide valuable insights into its price direction:
RSI (Relative Strength Index): The RSI on the daily chart reads 48, below the neutral 50 but trending upwards. This indicates a weakening bearish momentum.
MACD (Moving Average Convergence Divergence): A bullish crossover occurred on Tuesday, suggesting a potential uptrend.
Ethereum News Today: Leadership Turmoil Sparks Debate
Ethereum's co-founder Vitalik Buterin has addressed rising tensions within the Ethereum community. Calls for the resignation of Ethereum Foundation Executive Director Aya Miyaguchi have sparked controversy.
In response to the criticism, Buterin took to X (formerly Twitter), calling the remarks against Miyaguchi “pure evil” and counterproductive. He emphasized:
“If you keep the pressure on, you are creating a toxic environment for top talent.”
Some of Ethereum’s top developers have expressed their frustration with the negativity surrounding the Foundation.
The turmoil stems from accusations tied to a misinterpreted interview where Miyaguchi was portrayed as critical of Ethereum’s competitive culture. Former researcher Danny Ryan, a potential leadership replacement, also urged the community to adopt a more constructive approach.
Also Read: Internet Computer Price Prediction 2030
Ethereum ETFs See Positive Inflows Amid Challenges
Despite the Foundation's issues, Ethereum ETFs recorded $23.90 million inflows on Monday, marking four consecutive days of positive flows. This reflects ongoing institutional interest in ETH, even as it underperforms Bitcoin, XRP, and Solana.
What’s Next for Ethereum Price Prediction?
The ongoing leadership issues within the Foundation could impact investor sentiment and ETH’s performance. However, with strong technical support at $3,130 and institutional interest growing, Ethereum has the potential to recover.
Key Takeaways for Investors:
Short-Term Target: If ETH holds above $3,130, a move toward $3,730 is likely.
Long-Term Outlook: Analysts remain optimistic about Ethereum Price Prediction 2025 and Ethereum Price Prediction 2030, especially with ETH’s all-time high of $4,878 still within reach.
Risk Factors: Leadership instability and community unrest could deter new investments if unresolved.