Ethereum News: Former Developer Raises Concerns Over Network’s Development Trajectory and EVM Stagnation

Recent comments from a former Ethereum developer have sparked concerns about the future of the network. Hari, who used to work on Ethereum, has expressed his worries about the lack of a clear and unified vision, which he believes has led to stagnation in the development of the Ethereum Virtual Machine (EVM). Here’s a closer look at the issues he has raised.

Ethereum on the Brink? Ex-Dev Drops Shocking Truth About EVM

A former Ethereum developer, Hari, has expressed concerns over the network’s development trajectory, citing a lack of a clear and unified vision. According to him, the Ethereum Virtual Machine (EVM) has faced repeated setbacks due to internal disagreements on proposed changes, leading to stagnation. Hari pointed out that during the last half decade, only one change, transient storage, came close to being enacted but never succeeded. He believes that this disagreement stifles necessary upgrades and was one of the reasons he left the Ethereum Foundation.

Ethereum Stuck Below Key Price as ETH ETFs See Outflows

Ethereum price has crept back in the past few days but remains below a key resistance level. The cryptocurrency spiked on Saturday but was trading at around $1,940.57 at the time of publication. ETH, the second-biggest cryptocurrency, is still in a deep bear market after a significant drop from its December high. Investors are staying on the sidelines as the crypto and stock markets retreat amid President Donald Trump’s tariffs. Third-party data shows that Wall Street investors have continued to sell their Ether ETFs, with all Ethereum ETFs shedding over $143 million in assets this week.

Ethereum’s Pectra Upgrade Expected to Spark ETH Price Surge

The Ethereum Pectra upgrade, combining Prague and Electra updates, is anticipated to be the catalyst for an ETH price surge. Despite President Donald Trump’s Bitcoin Reserve and crypto summit failing to trigger a rally, market eyes are on the Ethereum Pectra upgrade. Meanwhile, FloppyPepe (FPPE), an AI token priced at $0.0000002 in its presale, has raised nearly $1 million in a sold-out private round and its ongoing presale has surpassed the one million mark.

Ethereum Price Drops Below $1750, LTHs in Fear

Ethereum price broke down below $2K for the first time since late 2023. Analysis showed a great deal of concern among long-term holders as the current Net Unrealized Profit/Loss (NUPL) level stood at 0.38, indicating a shift from hope to fear. Previously, similar NUPL levels had led to significant corrections. If the fear escalates, ETH could continue falling towards next major supports. Alternatively, if the mood improves and NUPL returns to 0.45, ETH can retest levels above $2,500, with a possible retest above $3,000.