Ethereum price down 63% from all-time high amid foundation exits

Ethereum slipped to $1,576 on Thursday, a 2.6% drop in 24 hours and a 25% fall over the past month, leaving the token more than 68% beneath its $4,946 all‑time high from August 2023 [1]. The price move comes as the Ethereum Foundation grapples with a wave of high‑profile exits, fueling community concerns about the network’s stewardship and future direction [2].

Market pressure and prediction odds

Prediction‑market traders on Myriad now assign an 88% probability that ETH will dip to $1,500 before any rebound to $3,000, reflecting heightened short‑term pessimism [1]. The odds have risen sharply over the last month, mirroring a broader sell‑off that has also seen Bitcoin slide toward $55,000. Analysts link the ETH decline to “collateral damage” from the Strategy (MSTR) equity offering turmoil, which has pressured Bitcoin and, by extension, Ethereum [1].

Governance turbulence at the Ethereum Foundation

Separately, the Ethereum community is reacting to a series of senior departures from the Ethereum Foundation, the nonprofit that funds core research and coordinates upgrades [2]. Critics on X have called for greater transparency, arguing that the lack of clear communication compounds market uncertainty. While the foundation’s new public mandate aims to clarify its role, the departures underscore ongoing tension between the network’s decentralized ethos and expectations for accountable stewardship [2].

On‑chain and token‑omics context

Ethereum’s circulating supply remains roughly 120 million ETH, with no major unlock events scheduled in the near term, meaning price pressure is driven more by external sentiment than supply shocks. The token’s market cap, now hovering around $190 billion, is down sharply from its peak, reinforcing the bearish outlook reflected in prediction markets [1].

What to watch

• ETH price breaking below the $1,500 “resolution point” on prediction markets could trigger further downside.
• Any formal response or roadmap from the Ethereum Foundation regarding its leadership changes.
• Upcoming macro data or policy announcements that could affect risk appetite for crypto assets.

The convergence of a steep price decline and governance upheaval leaves Ethereum at a crossroads: whether the network can regain confidence will hinge on both market dynamics and the foundation’s ability to address community concerns.