The price of Ethereum continues to show weakness amid statements from the project’s co-founder, Vitalik Buterin, regarding a strategic shift by the Ethereum Foundation (EF). Analyst Ali Martinez pointed this out.
— Ali Charts (@alicharts) May 26, 2026
The organization plans to reduce its role in the ecosystem and focus on critical tasks.
Buterin noted that the foundation holds only 0.16% of the total supply of the second-largest cryptocurrency by market capitalization. According to him, EF should become a “more compact ship,” transferring asset support to other organizations. Meanwhile, Buterin himself holds 90% of his capital in Ethereum.
Martinez ironically commented on these changes. He pointed out the clear gap between the developers’ idealistic statements and the actual market dynamics. While the foundation “searches for identity,” prices continue to fall.
From a technical perspective, the asset has been in a prolonged range since 2021. A recent attempt to hold above the 200-week moving average ended in failure.
Martinez highlighted a key support level at $1850. A weekly close below this value would accelerate the decline. As an intermediate target, the trader named $1560, with the main target being the lower boundary of the range around $1070.
The analyst emphasized that he does not plan to open short positions. Instead, he intends to use the decline to accumulate the asset according to the DCA strategy.
Historical data from the MVRV metric indicates that the area below $1850 has traditionally been a window for long-term purchases before a new bull cycle.
For Ethereum to return to growth, it needs to reclaim the $2500 level and overcome resistance at $3100, Martinez concluded.
Back in March, EF published an updated mandate, establishing the principle of minimal intervention in the network’s development.
In May, blockchain researcher and investor William Mougayar defended the Ethereum Foundation, stating that the organization is “doing exactly what it was created for.”