$ETH FOUNDATION CUTS 20% OF STAFF – SUPPORT LEVELS IN PLAY 🔥
The Ethereum Foundation just cut 20% of its workforce and slashed the operating budget by 40% to focus on protocol development. This restructuring adds short-term uncertainty while ETH sits under pressure near key support.
On the other hand, Ethlabs launched as a new independent research initiative backed by Joe Lubin and major ETH firms. That could strengthen the ecosystem long-term, but for now the market is watching whether this shakes out weak hands or triggers a deeper dip.
Are you buying this shakeup or waiting for a clearer reclaim?
Not financial advice. Always manage your risk.
#ETH #Ethereum #Restructuring #SupportLevels #Crypto
🔥
The Ethereum Foundation just cut 20% of its workforce and slashed the operating budget by 40% to focus on protocol development. This restructuring adds short-term uncertainty while ETH sits under pressure near key support.
On the other hand, Ethlabs launched as a new independent research initiative backed by Joe Lubin and major ETH firms. That could strengthen the ecosystem long-term, but for now the market is watching whether this shakes out weak hands or triggers a deeper dip.
Are you buying this shakeup or waiting for a clearer reclaim?
Not financial advice. Always manage your risk.
#ETH #Ethereum #Restructuring #SupportLevels #Crypto
🔥