In a bold move to highlight the market value of Ethereum (ETH), the basic developer Zach Cole announced the launch of an independent entity named “Ethereum Community Foundation – ECF”.
This announcement came during the eighth Ethereum community conference in the French city of Cannes.
This entity aims to support infrastructure projects that enhance the value of ETH and redirect the attention of the ecosystem towards the currency itself, and not only the applications based on it.
Move outside the ordinary in the face of the official Ethereum Foundation
ECF works separately from the official Ethereum Foundation, which, according to Cole, focuses on developing the ecosystem at the expense of enhancing the value of the ETH as a cash asset.
In his speech, he said: “We are the Ethereum Society Foundation. We say what the institution cannot say, and we do what does not dare to do.”
One of the basic principles of ECF is the refusal to support the new symbols funded by adventurous capital companies, and instead focus on non -adjustable applications that do not offer new currencies.
These applications should be used as the main ethereum network as a settlement layer, and thus contribute to burning more ETH through transactions, which enhances scarcity and supports the price.
Enabling auditors and enhancing the currency critical orientation
The first ECF financing project is the ETA (EVA), which aims to give auditors a greater role in shaping the currency’s monetary trend, by influencing the development of network improvement proposals (EIPS) and improving programming customers’ performance.
Cole criticized the Foundation’s support for projects such as UISWAP, Optimism and Ethereum Name Service, which ended up launching backed symbols from investment funds, although they were established with public funds.
He also pointed to a potential conflict of interests as a result of the OFSAIN LABS company for a stake in Prysmatic Labs, the second largest agreed client in the ethereum network.
Institutional attention is increasing with ETF boxes
This new trend coincides with strong flows to the circulating Ethereum boxes that recorded approximately $ 260 million in one week, which reflects an increasing institutional appetite, and this comes in light of the expectations of analysts that the ETH price increased towards a level of $ 10,000 and may reach $ 12,000 by early 2026, if the current resistance levels are hacked.
This vision supports the latest data from the series, which showed a rise in the number of active addresses daily and the size of transactions, in conjunction with the disclosure of a new portfolio linked to the launch of a new code in the third quarter, which sparked the intelligence of the smart portfolio and increased the activity on the network.
The technical situation supports a medium -term rise scenario
Technically, Etheerium is currently trading at $ 2,599.98 retaining its strength near a descending resistance line, which some analysts see as an accumulation stage according to the Wyckoff model, which may pave the way for a potential price explosion, and the closure of June formed at 2,470 dollars a durable support base.
With the approaching sharing and decentralized financing activity approaching, basic indicators also appear supportive, and some price models indicate the possibility of heading about $ 3,400 in the medium term, while remote forecasts about penetration of $ 10,000 backed by the momentum of ETF funds, institutions accumulation, and expected network updates.
