ETH Price Remains Crushed Despite New President at Ethereum Foundation

On Feb. 25, Aya Miyaguchi introduced her transition from Government Director to President of the Ethereum Basis (EF), a call she made a 12 months in the past.

“These previous few weeks have illuminated one thing profound about Ethereum — a fact that turns into clearest in moments of pressure when debates come up over the community’s efficiency or ETH’s market worth,” she mentioned.

She added that groups and people throughout the globe have been talking of Ethereum as if it have been their very own, however this pressure is the place the best power lies:

“Ethereum belongs to everybody exactly as a result of it belongs to nobody.”

At this time, I’m excited to show the web page and share that I can be closing this chapter as Government Director of the @ethereumfndn quickly and entering into a brand new function as its President.

Let’s proceed constructing within the backyard.

Learn my full assertion :https://t.co/sn3Rpsatqy https://t.co/4Gz3WdLPLD

— Aya Miyaguchi (@AyaMiyagotchi) February 25, 2025

New EF President

She emphasised Ethereum’s core philosophies, which embrace decentralized possession, a “Tempo Layering” framework, and credible neutrality. She additionally reiterated the Basis’s function: It doesn’t management all domains however works to establish gaps and uphold Ethereum’s core values.

Ethereum co-founder Vitalik Buterin congratulated Aya, adding that the function of the chief director is to create an atmosphere the place others can shine and do their finest work:

“So each success of the EF – the regular execution of Ethereum laborious forks, consumer interop workshops, Devcon, Ethereum’s tradition and steadfast dedication to its mission and values, and extra – is partly a results of Aya’s stewardship.”

Miyaguchi mirrored on her seven-year journey with EF, noting how Ethereum has grown from having fewer voices to changing into a various ecosystem that grows “like a backyard, strengthened by its biodiversity.”

Tensions escalated on the EF in January when there was backlash in opposition to Miyaguchi and accusations of inefficiencies throughout her tenure. Buterin asserted his authority, however some core builders, equivalent to Eric Connor, jumped ship and have since began fuelling extra damaging sentiment in opposition to Ethereum.

ETH Worth Hammered

These tensions have been amplified by the underlying asset’s dire efficiency in current months. Regardless of Bitcoin reaching a report peak in 2025, Ethereum obtained nowhere close to its all-time excessive and stays 50% down from it, wallowing on the identical worth ranges it was right now final 12 months.

Extra just lately, ETH tanked to $2,337 within the newest crypto market rout, its lowest worth since early November, wiping out all post-US election features.

The asset is presently hovering just under $2,500 and has misplaced 25% for the reason that starting of this 12 months regardless of the bullish fundamentals equivalent to a possible staked Ether ETF, purchases by the Trump household DeFi platform, and the upcoming Pectra upgrade.