Ethereum's Strategic Shift: A New Path Forward

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Organizational Restructuring: Recent budget adjustments and leadership changes at the Ethereum Foundation have sparked significant discussion, with co-founder Joe Lubin viewing these shifts as essential transformations aimed at better defining the foundation's role, thereby enhancing its influence in the cryptocurrency space.
Core Technology Protection: Lubin stated that the foundation should focus on safeguarding the core technologies and principles of the network, delegating outreach, partnerships, and ecosystem expansion to external organizations, which allows the foundation to concentrate more on its primary objectives and improve overall efficiency.
Multi-Entity Structure Evolution: With approximately 2 million daily transactions on Ethereum, Lubin emphasized that future development will be driven by a constellation of independent organizations rather than a single dominant entity, marking a departure from the centralized development model typical of traditional blockchain projects.
Future Investment Directions: While acknowledging the surge of investment towards artificial intelligence, Lubin highlighted that Ethereum continues to strategically invest in scalability and the development of on-chain autonomous AI agents, aiming to capture new waves of enthusiasm and ensure its pivotal role in future blockchain innovations.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 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	999.108	1252.394	1540.018	1793.304	2080.928	2334.214	2621.838
Fibonacci	1252.394	1459.022	1586.676	1793.304	1999.932	2127.586	2334.214

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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