Another Senior Leader Resigns from Ethereum Foundation

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 19 2026

ETH+0.328%

KAS-0.66999996%

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Leadership Exodus: Hsiao-Wei Wang's resignation as co-executive director marks her as the eighth senior leader to leave the Ethereum Foundation in five months, highlighting internal turmoil and instability that could impact Ethereum's strategic direction and market confidence.
Increased Turnover: Over 19 employees have reportedly departed from the Ethereum Foundation in 2026, including key researchers and developers who played significant roles in Ethereum's technical evolution, raising concerns about potential delays in innovation and project advancement.
Governance Controversies: Wang's departure is closely tied to internal governance disputes, particularly tensions arising from a controversial internal document emphasizing privacy and security, indicating that ideological divisions may be affecting the organization's overall operations and decision-making efficiency.
Strategic Disagreements: The role of Ethereum in an increasingly competitive blockchain industry has sparked widespread debate, with former researchers proposing a separate $1 billion organization to enhance market competitiveness, illustrating a clear strategic divide within the Ethereum community between decentralization and commercialization.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1211.517	1361.758	1507.167	1657.408	1802.817	1953.058	2098.467
Fibonacci	1361.758	1474.697	1544.47	1657.408	1770.347	1840.12	1953.058

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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