Ethereum: EIP-8361 Draws Builder Backlash

Ethereum builders slammed EIP-8361 after its 48-hour comment window, warning the tapered issuance change will favor large centralized stakers and drain liquidity from seven of the top ten DeFi protocols.

The proposal seeks to cap staking incentives once ETH supply exceeds 50 percent, yet critics including @MikeSilagadze argue it will trigger tens of billions in unstaked ETH sales and erode network credibility just months after prior governance debates.

With ETH price at $1879.42 sitting inside Bollinger Bands bounded by $1892.24 resistance and $1835.23 support, the 4-hour chart shows price hugging the EMA50 at $1878.08 while the EMA200 at $1831.15 anchors the longer-term bullish structure; neutral RSI at 52.99 paired with a MACD golden cross at -2.97 suggests any near-term push toward upper-band resistance could stall and retrace cleanly to the 50-EMA before continuation, offering institutional desks a defined risk zone amid the governance noise.