Ethereum News: Leadership Change and Potential Price Surge Amid Market Volatility

Recent developments in the Ethereum ecosystem have sparked interest among cryptocurrency enthusiasts. From a leadership shake-up at the Ethereum Foundation to predictions about the future price of Ethereum (ETH), here`s a summary of the key events shaping the cryptocurrency`s future.

Aya Miyaguchi Named President of Ethereum Foundation Amid Leadership Shake-Up

Ethereum Foundation (EF) executive director Aya Miyaguchi has announced her transition from her current role to a newly created position as president of the organization. In a blog post, Miyaguchi emphasized that her new role would focus on expanding EF`s institutional relationships and advancing the organization’s vision.

Ethereum (ETH) Set to Reach $4,000 Amid Market Volatility and Bybit Hack Fallout

Ethereum (ETH) faced significant turbulence recently, witnessing a sharp decline that led to the loss of crucial support levels. This downturn coincided with Bitcoin’s dip below $90,000, sparking widespread fear in the cryptocurrency market. ETH dropped to $2,326 but rebounded to $2,486.47, showing resilience and potential for growth. The Bybit hack, which stole $1.4B, added to market fears, with Ethereum as a key target. Technical indicators suggest a possible recovery, with ETH aiming for higher prices like $3,200 or even $4,000.

Uniswap SEC Investigation Dropped

The US Securities and Exchange Commission (SEC) has officially dropped its probe into Uniswap Labs. In April 2024, Uniswap received a Wells Notice from the regulator, alleging that the platform functioned as an unregistered broker, exchange, and clearing agency while also issuing an unregistered security. Uniswap responded by calling the SEC`s legal arguments "weak" and accused the SEC of being a "repeat offender against crypto".

Ethereum Price Faces Pressure: $2,200 Support in Focus

Ethereum (ETH) is experiencing a challenging phase in the market as it continues to struggle amid bearish market conditions. On February 25, 2025, Ethereum’s price dropped by a significant 10%, following a recent series of troubling events in the broader cryptocurrency market. Despite efforts from Bybit to stabilize its operations by purchasing substantial amounts of ETH, the market sentiment remains overwhelmingly negative, which could push Ethereum’s price further down.