 ▲ Ethereum (ETH) |
As key leadership at the Ethereum (ETH) Foundation undergoes a sweeping change less than a year after its previous reshuffle, the price has recovered the $2,000 level but remains trapped in a technical bear market. While whales are stepping in to buy the dip, retail investors are exiting the market, drawing attention to the asset’s future direction.
According to investment media outlet FXStreet on February 13 (local time), Tomasz Stanczak, co-executive director of the Ethereum Foundation (EF), announced that he will step down from his position at the end of this month, less than a year after joining. In a blog post, he explained that the foundation’s key objectives have either been completed or are steadily improving, and that remaining in the organization would feel like staying merely to pass the baton. He will be succeeded by Bastian Aue, who will form a new co-executive leadership structure alongside Hsiao-Wei Wang.
Stanczak joined the foundation at a time when it faced community pressure over transparency and long-term goals, leading a large-scale organizational overhaul. During his tenure, he launched security programs, introduced new treasury management policies, and established an artificial intelligence (AI) team. The foundation plans to announce an integrated roadmap in 2026 combining Lean Consensus and core development teams to address quantum threats and deliver agentic AI solutions. After stepping down, Stanczak intends to continue supporting the Ethereum ecosystem as a core developer.
Alongside the leadership transition, market conditions remain challenging. Due to the recent downturn, investors in spot Ethereum exchange-traded funds (ETFs) are facing significant unrealized losses. According to Coinglass data, approximately $70 million in liquidations occurred in the Ethereum market over the past 24 hours, including $58 million in long positions, bringing total liquidations for the week to $456 million. However, on-chain data suggests that while retail investors capitulate and exit, whales are using the downturn as a buying opportunity.
On the daily chart, Ethereum is trading at $2,055, reclaiming the $2,000 level but maintaining a bearish bias. The price remains well below the 20-week exponential moving average (EMA) at $2,999, which continues to suppress rallies. To ease downward pressure and achieve a full trend reversal, a weekly close above this EMA is required.
Key indicators also support the bearish momentum. The Relative Strength Index (RSI) stands at 33, below the neutral 50 level and leaning toward oversold territory, while the Stochastic indicator at 16 has also entered the oversold zone, suggesting a potential pause in the decline but lacking a clear rebound signal. Immediate resistance is located at $2,107, followed by $2,388, while key support levels are identified at $1,741 and $1,524.
Disclaimer: This article is for investment reference only and we are not responsible for any investment losses resulting from its use. The content should be interpreted solely for informational purposes.