Vitalik Buterin Calls for Hard Reset of Ethereum Governance
- Governance Reset Proposal: Ethereum co-founder Vitalik Buterin advocates for a hard reset of governance on X, proposing a two-layer model that combines prediction markets with anonymous, non-token voting to enhance transparency and accountability in governance.
- Separation of Execution and Preference: Buterin emphasizes the need to strictly separate the execution layer from the preference-setting layer, where the execution layer should be open and accountable, while the preference-setting layer should be non-financialized to maximize diversity and intrinsic motivation, thereby improving governance effectiveness.
- Market and Voting Mechanism: He points out that the preference-setting layer cannot be token-based due to the risk of centralization among token holders, suggesting an anonymous voting mechanism to reduce collusion risks, a design concept that has already attracted attention from developers who are beginning to implement it.
- Future Development of Ethereum: Buterin's insights are particularly significant within Ethereum's broader roadmap, as upgrades around data availability and privacy tools aim to lower costs for complex on-chain applications, enhancing the feasibility of governance structures in practice.
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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 3 technical signals, shows that 0 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 stock.
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 | 733.002 | 1240.401 | 1699.842 | 2207.241 | 2666.682 | 3174.081 | 3633.522 |
| Fibonacci | 1240.401 | 1609.734 | 1837.908 | 2207.241 | 2576.574 | 2804.748 | 3174.081 |
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