Ethereum News: Unstaking Trends and Governance Concerns Amid Price Weakness

Ethereum (ETH) is currently facing a significant period of unstaking, with over 788,000 ETH withdrawn since November 7, accounting for 2.3% of all staked ETH. This trend is occurring alongside a leadership controversy within the Ethereum Foundation and a broader loss of confidence in Ethereum's long-term governance. Despite these challenges, more than 28% of ETH's total supply remains staked, primarily through LidoDAO. The situation is further complicated by ongoing price weakness, raising questions about the future stability and direction of the cryptocurrency.

Ethereum (ETH) Unstaking Continues Amid Price Weakness and Leadership Controversy

Ethereum (ETH) is experiencing a prolonged period of token unstaking, with over 788K ETH withdrawn since November 7, representing 2.3% of all staked ETH. This trend coincides with a leadership controversy at the Ethereum Foundation and a general loss of confidence in Ethereum's long-term governance. Despite these withdrawals, over 28% of ETH's supply remains staked, primarily through LidoDAO. The situation is further complicated by the launch of a second Ethereum Foundation and concerns over the sale of ETH.

ETH Price Declines as Market Raises Questions About Ethereum’s Future

ETH has declined almost 15% since reaching its 2025 peak on January 6. Technical analysis suggests further downside could be ahead, with key support levels being tested as momentum indicators point to weakening bullish sentiment. The Ethereum RSI (Relative Strength Index) is currently sitting at 41.6, marking a significant drop from yesterday’s 51.1. After reaching an elevated level of 68 on January 15, the indicator has predominantly oscillated between 40 and 55, suggesting a period of moderate price momentum. This recent decline below the midpoint of 50 indicates weakening bullish momentum, though not yet entering oversold territory.

LidoDAO Founder Denies Second Ethereum Foundation Plans

Konstantin Lomashuk, founder of the Lido staking protocol, has refuted rumors about creating a second Ethereum Foundation. He emphasized that Ethereum remains the 'ultimate world computer' and stated that any new foundation must have a clear purpose complementing current contributors' efforts. This follows Ethereum co-founder Vitalik Buterin's proposal for restructuring the Ethereum Foundation.

Boba Network Integrates Nucleus to Expand Cross-Chain Functionality and Ecosystem Accessibility

Boba Network has announced the integration of Nucleus, a protocol designed for blockchain networks. This collaboration enables users bridging ETH, Liquidity Staking Tokens (LSTs), or Liquidity Reward Tokens (LRTs) to the Boba Network to engage with Ethereum mainnet functionalities while accessing various DeFi protocols, gaming platforms, and NFT marketplaces. The partnership aligns with Boba Network’s focus on scalability and user-focused development. The integration of Nucleus expands Boba Network’s ecosystem offerings, highlighting advancements in cross-chain functionality and composable infrastructure. ETH, LSTs, or LRTs bridged to Boba Network are integrated into the network’s system, facilitating seamless interaction with decentralized applications. This approach aims to optimize user experience and broaden the accessibility of the Boba Network ecosystem.