Ethereum’s selloff tests whether its neutrality-first model can defend ETH’s value amid Foundation ‘brain drain’
Weak spot demand, negative ETF flows and senior departures have turned Ethereum’s price decline into a broader confidence test.

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JPMorgan’s latest tokenized money market fund filing offers a map of how the institutional cash leg of crypto may split across public chains.
Ethereum's lead is being chipped away by chains winning specific markets, such as BSC in DEX flow, Tron in stablecoins, Bitcoin in collateral, Base in L2 activity, and Hyperliquid in perps.
BitMine has staked more than 4 million ETH, giving investors a listed-equity proxy for Ethereum’s proof-of-stake economy.
The dispute could decide whether DeFi recovery funds go back to users first or become targets for outside creditors.
Buy pressure is improving, yet leverage is rising faster than spot demand, setting up a painful unwind if ETH stalls.
The sale shows staking never replaced treasury offloads and keeps sell-pressure questions alive.