Ethereum Foundation: Cuts 54 Roles in 20% Trim

Ethereum Foundation slashed 20% of its 270-person team, removing 54 roles, after years of bloated operations that fueled perceptions of dysfunction across the network.

Price action on the 4h chart shows ETH at $1616.17 inside the Bollinger band with upper resistance at $1785.47 and lower support at $1582.46. The EMA50 at $1697.69 and EMA200 at $1842.6 define clear resistance overhead while MACD at -28.8 confirms the death cross and bearish trend structure. RSI at 35.4 leaves room for further downside before any relief. Traders tracking ETH price prediction models now watch whether a clean break below $1582.46 accelerates the next leg lower or whether the band support holds long enough for a relief bounce into the 50-EMA. This leaner structure at the foundation may reduce future ETH selling pressure that has weighed on price action over the past year.