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06/24 03:44

Ethereum Price Prediction: ETH Drops as Ethereum F

Ethereum Price Prediction: ETH Drops as Ethereum Foundation Cuts 20% of Staff Ethereum Price Drops as Market Pressure Builds Ethereum is back under pressure as $ETH trades near $1,660, falling by more than 5% in the last 24 hours. The move comes during a wider crypto market selloff, with Bitcoin, Solana, XRP, BNB and Dogecoin also trading in the red. However, Ethereum now has an additional story weighing on sentiment: the Ethereum Foundation has reportedly cut around 20% of its workforce as part of a wider internal restructuring. For traders, this creates a difficult question. Is $ETH only falling because the entire market is weak, or is the Foundation’s shake-up adding extra pressure to Ethereum’s short-term outlook? Ethereum Foundation Cuts 20% of Staff The Ethereum Foundation has concluded a months-long reorganization process, cutting 54 staff members and moving into a new structure based around five major clusters. These include areas focused on the protocol layer, access layer, user layer, community layer and institutional layer. The Foundation says the goal is to become leaner, more focused and better aligned with Ethereum’s long-term development priorities. In theory, that could be positive if it helps the organization execute faster and reduce internal complexity. But markets rarely react calmly to staff cuts, especially when they happen during a major price correction. For $ETH holders, the concern is simple: if Ethereum is already struggling against competitors and weaker market sentiment, does a smaller Foundation make the roadmap stronger — or does it create more uncertainty? Why This Matters for $ETH Ethereum remains the largest smart contract blockchain, but its market position has been under pressure for months. Solana has gained attention for speed and user activity, Bitcoin continues to dominate institutional narratives, and newer chains are competing for liquidity, developers and users.#2026 World Cup Posting Challenge on HTX Square

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