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A prominent Ethereum community figure has challenged the widespread view that Vitalik Buterin and the Ethereum Foundation (EF) are unconcerned about ETH’s price, calling it a misconception that overlooks their long-term ambitions.
Ryan Berckmans, an active participant in the ecosystem, stated that both Buterin and the Foundation care deeply about ETH’s valuation. They see a strong price as essential to funding the resources and economic security needed for Ethereum to become a globally ubiquitous platform that lasts for centuries.
Berckmans argued that the perception of indifference stems from the EF’s exceptionally high confidence in Ethereum’s trajectory, which makes short-term price fluctuations appear as noise relative to their broader focus.
More importantly, the Foundation approaches price through a structural, long-term lens, grappling with challenges such as post-quantum security, positioning Ethereum as the world’s economic hub for trillions in assets, and supporting thousands of Layer-2 networks across many countries. These priorities, Berckmans noted, are inherently bullish and drive initiatives that strengthen the network’s Foundation.
Recent departures from the EF, according to Berckmans, do not reflect doubts about Ethereum’s direction. Instead, they arise from natural internal differences in strategy and execution, which are typical even among aligned teams. Some staff were asked to leave, others departed due to shifting priorities, and several are making way for new talent, including younger contributors ready to lead.
 
Furthermore, the Ethereum investor emphasized that the EF’s commitment is stronger than ever, with a focus on credible neutrality, decentralization, uptime, privacy, and scaling across L1 and L2. The Foundation is also complemented by a growing network of specialized organizations across the stack, from major L2s to enterprise players.
On-chain data presents a more cautious near-term picture. Ethereum supply on Binance recently climbed to its highest level since February, then eased slightly, signaling greater trading flexibility. Meanwhile, roughly 60 whale addresses holding at least 10,000 ETH have either liquidated or consolidated positions over the past two months, suggesting profit-taking and de-risking by large holders.
Ethereum rose 0.31% to $2,135 over the past 24 hours, in line with Bitcoin, as a modestly positive market environment was driven by flows into major assets.