ETH’s selling pressure has diminished post-inauguration, indicating potential for recovery. Despite this, the lack of strong demand has kept ETH prices down, hovering significantly below its previous peak.

Recent discussions around restructuring within the Ethereum Foundation suggest efforts to address community concerns over transparency. While there’s optimism among ETH users, some feel the need for quicker action from leadership.

The market sentiment has shifted positively, and indicators show potential U.S. Demand growth. However, until ETH crosses key Moving Averages, a bearish trend may persist.