The post Ethereum’s leadership dilemma: ‘In the process of large changes’ appeared on BitcoinEthereumNews.com.

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. What about Bitcoin? Meanwhile, Bitcoin shows signs of resilience, with macroeconomic factors like the new crypto-favorable Trump administration in the US, potentially serving as a catalyst for upward momentum. The Choppiness Index, at a robust 62, suggests the market is primed for a decisive move, emphasizing the urgency for the trend to gain traction. Hence, the prevailing market structure signals Bitcoin’s intent to sustain its upward trajectory in the days ahead. What’s lies for…

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Filed under: News - @ January 23, 2025 3:17 am