The Ethereum Foundation is experiencing one of the most acute internal crises in its history. As the value of ETH continues to decline and competition from other blockchain platforms grows, a conflict between two strategic directions within the organization has intensified. One group advocates for maximum decentralization of the network and preserving the ideals of Web3, while the other group advocates integration with traditional financial institutions to accelerate Ethereum's adoption into the global economy.

Since the beginning of the year, the price of ETH has fallen by 12%, causing concern among investors and analysts. Over the past month, Ethereum's trading volume has fallen by 18% and its market capitalization has fallen below $300 billion for the first time since 2024. Many market participants attribute this not only to external macroeconomic factors, but also to uncertainty within the Ethereum ecosystem itself.

According to CoinMetrics, about 40% of large ETH holders are considering diversifying their assets in favor of alternative blockchains such as Solana and Avalanche. Community representatives are urging the Ethereum Foundation leadership to be transparent and find a compromise to maintain the trust of users and partners.

Open discussions and votes on key network development issues are expected in the coming weeks. Market participants are closely following the events, as the future of Ethereum as a technology and investment platform directly depends on the outcome of this conflict.