Ethereum’s leadership dilemma: ‘In the process of large changes’

Ethereum Foundation faced calls for leadership reform to address governance challenges.
Spot market demand for Ethereum dropped 84% as Bitcoin showed resilience.

Ethereum’s [ETH] trajectory has come under intense scrutiny, with growing concerns surrounding its roadmap and governance structure.

Execs weighs in on leadership reforms

Anthony D’Onofrio, a founding member of Ethereum, took to X (formerly Twitter) to advocate for leadership reforms within the Ethereum Foundation—the organization at the heart of the blockchain’s development.

His call for change highlights the mounting pressure on ETH to address internal challenges as it navigates the complexities of sustaining its position as a leading blockchain platform.

He said,

“To ensure its future, the Ethereum Foundation must transform itself from a reactive institution into a proactive visionary force.”

Ongoing challenges within the Ethereum Foundation

Now, as Ethereum continues to face internal challenges, particularly within the Ethereum Foundation, the ETH/BTC ratio has hit alarming lows, with Ethereum revisiting levels last seen in 2016.

Surprisingly, 63.8% of all Ethereum trading days are now categorized as unprofitable.

Additionally, spot market activity for Ethereum has also seen a dramatic downturn, plummeting to just $8 billion from the $52 billion recorded during the peak of the 2021 bull market—a staggering 84% decline.

This trend underscores the urgency for ETH to find a solid “bottom”, as failure to stabilize could fuel heightened market speculation and erode sentiment further.