The organization plans to reduce its role in the ecosystem and focus on mission-critical tasks, writes forklog.com.
Buterin noted that the fund owns only 0.16% of the total supply of the second most capitalized cryptocurrency. According to him, EF should become a “more compact ship” by transferring asset backing to other organizations. At the same time, Buterin himself holds 90% of his capital in Ethereum.
Martinez commented ironically on these changes. He pointed to a clear gap between the idealistic statements of the developers and the real dynamics of the market. While the fund is “looking for an identity,” the quotes continue to fall.
From a technical point of view, the asset has been in a protracted range since 2021. The recent attempt to consolidate above the 200-week moving average ended in failure.
Martinez highlighted a key support level at $1850. Closing the week below this value will accelerate the decline. The trader named $1560 as an intermediate target, and the lower boundary of the range near $1070 as the main target.
The analyst emphasized that he does not plan to open short positions. Instead, he intends to use the fall to accumulate assets according to the DCA strategy.
Historical data from the MVRV metric indicates that the zone below $1850 has traditionally been a window for long-term buying before a new bull cycle.
Ethereum needs to regain the $2500 level and overcome resistance at $3100 to return to growth, Martinez concluded.
