EL7.AI
CryptoUpdated×3•Originally published 19 May 2026•Updated 20 May 2026•
1 min read

Ethereum Tests $2,100 Support Amid Record Staking and Foundation Departures

Key Facts

1Ethereum price is currently holding key Fibonacci support levels amid positive technical signals.
2The Gaussian Channel indicator has turned green, suggesting potential bullish momentum.
3Analysts are setting long-term price targets for ETH as high as $15,000 for the current cycle.

During the first months of 2026, six core researchers left the Ethereum Foundation, raising concerns regarding organizational stability. Despite these departures, data shows that the total value locked in the network's staking contract surpassed 39 million ETH in May 2026.

The price retreat occurs amid a divergence between technical price action and structural network growth, with staking levels hitting record highs despite selling pressure. Compared to peers, Ethereum's performance remains under scrutiny following Citi's forecast of outperformance against Bitcoin, while market data suggests that continued staking inflows may provide long-term network support despite the loss of key personnel, per market data.

In the coming days, market participants are looking toward the economic calendar for upcoming Federal Reserve official speeches, which will likely dictate risk appetite across digital asset markets and ETF inflows.