Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A former Ethereum Foundation engineer has raised concerns about the platform’s future, warning that a lack of clear leadership is slowing down critical development.

Harikrishnan Mulackal, who worked as a Solidity expert and compiler engineer, pointed out that Ethereum’s upgrade process has become sluggish, with only one major Ethereum Virtual Machine (EVM) change proposed in five years.

Lack Of Leadership Could Hurt The Network

According to Mulackal, Ethereum’s decentralized nature has led to delays in decision-making. He noted that while decentralization is a key strength, it has also made it difficult to push through necessary changes.

The only proposed EVM upgrade, transient storage, was almost scrapped at the last minute. He believes that without a more structured approach, the network could struggle to stay ahead of competitors.

This is why I left the Ethereum Foundation.

There is a lack of a clear and cohesive vision for Ethereum and EVM, making progress in EVM impossible.

I’ve seen EVM changes repeatedly shut down because they don’t check a certain box. The issue is that everyone has a different… https://t.co/TkAngYnycX

— Hari (@_hrkrshnn) March 14, 2025

Mulackal suggested that the network should prioritize execution over research, proposing a schedule of one hard fork per quarter to speed up improvements.

He argues that faster updates could help maintain the platform’s dominance in the blockchain space.

Internal Disagreements May Be A Bigger Problem

Mulackal’s concerns echo similar warnings from industry figures. Wintermute CEO Evgeny Gaevoy has previously said that leadership issues, not its technology, could be its downfall.

Gaevoy pointed out that there are contradictions within the organization’s leadership, with some pushing for market-driven incentives while others focus on social justice goals. This internal conflict, he warned, could lead to setbacks.

Vitalik Buterin, a co-founder of Ethereum, has admitted the difficulties and is apparently working on reordering the leadership of the Ethereum Foundation. Still up for contention, though, is whether these developments will support or undermine the network’s basic values.

Development Slows Down

Ethereum’s development speed has slowed even if it remains a major participant in the blockchain scene. Mulackal’s assertion that only one major EVM modification was suggested in five years begs issues about whether the network can keep up with ideas from competing blockchains.

Before “redesigning” Ethereum, developers have always stressed thorough research. Mulackal, however, feels that this cautious approach is currently dragging the platform back. Ethereum should, he contends, concentrate more on providing useful improvements than on spending years researching possible hazards.

Featured image from Equiti, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A crypto analyst identified as ‘MonoCoinSignal’ on TradingView has shared varying forecasts for the Shiba Inu price. As the second-largest meme coin stages a recovery to a new all-time high, this analyst has outlined key resistance and support levels to watch out for 

Shiba Inu Price Recovery Depends On These Levels

MonoCoinSignal has published a detailed Shiba Inu price analysis, outlining key technical indicators and levels that could determine its next move toward an ATH recovery. Currently trading at $0.000013, the Shiba Inu price reflects a sharp decline from its previous high of $0.000015 on March 10. 

On its 1-hour chart, the TradingView analyst highlights that the SHIB is currently testing a key support zone around the $0.000011 level. If its downtrend persists, the meme coin is expected to fall toward additional support levels at $0.0000105 and $0.000010.

Currently, Shiba Inu’s price is trading below the short-term Moving Averages (MA), solidifying its bearish position within this time frame. Its Relative Strength Index (RSI) is also approaching oversold territory, suggesting a potential price bounce if buying pressure picks up. 

Predicting a potential bullish case scenario, MonoCoinSignal highlights three key resistance zones to watch out for: $0.0000127, $0.000014, and $0.000015. The analyst suggests that these levels could trigger a strong rebound for the meme coin. 

Notably, if Shiba Inu can hold above the support level at $0.000011, it could stage a rally to the aforementioned resistance zones between $0.0000127 and $0.000014. Due to the market’s recent declines, MonoCoinSignal has acknowledged that any gains experienced by the price will be limited and short-lived. 

Currently, SHIB’s bearish performance aligns with the broader crypto market downtrend, with numerous meme coins and altcoins taking a hit after Bitcoin crashed below $85,000. The TradingView analyst mentions that Shiba Inu’s current market trend highlights a bearish position from the medium to long term. 

With recent X social media reports revealing an increase in SHIB token burns, the TradingView analyst believes that the gradual supply reduction could eventually fuel a price increase in SHIB over time.

SHIB Uptrend At Risk If Price Breaks Support

On the flip side, MonoCoinSignal has also shared a bearish case scenario for the Shiba Inu price if the downtrend persists. The analyst has predicted that if selling pressures trigger a break down below the support level at $0.000011, Shiba Inu could slide towards new lows around $0.00001051 or $0.00001001.

While Shiba Inu’s recent token burns highlight a positive long-term outlook, the analyst suggests that their impact is unlikely to trigger a significant surge in this short time frame. With the SHIB price facing both bullish and bearish possibilities, MonoCoinSignal urges investors and traders to monitor the market for catalysts that could either positively or negatively influence the meme coin’s next move.

Featured image from Unsplash, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

The crypto market concluded yet another week, primarily sparking investor optimism with recovering price trajectories. Bitcoin (BTC) price recovered from a $76K low to reach $84K right ahead of the U.S. FOMC next week. Whereas, major-league altcoins also mimicked price gains. The global cryptocurrency market cap again embarked upon a trajectory towards the $3 trillion mark as the week comes to an end.

Mentioned below are some of the top crypto market updates reported by CoinGape Media over the past week.

Crypto Market: Bitcoin Advancements This Week

The flagship crypto has witnessed significant developments over the past seven days, keeping investors optimistic despite price turbulence. Notably, global financial services firm Cantor Fitzgerald launched a $2 billion Bitcoin financing business, partnering with Anchorage Digital and Copper for secure institutional access.

On the other hand, Cathie Wood’s Ark Invest expanded its Bitcoin holdings, accumulating 997 BTC worth $80 million via Coinbase this week.

Also, despite the recent market turmoil, 95% of investors in the U.S. spot Bitcoin ETFs continue to hold onto their holdings. As a result, market watchers continue weighing optimism over long-term price prospects.

It’s also noteworthy that the Singapore Exchange (SGX) is planning to launch Bitcoin futures contracts shortly ahead.

Moreover, Deutsche Boerse’s post-trade unit Clearstream plans to launch Bitcoin & Ethereum custody services by the end of this year. Mentioned above are the top crypto market updates orbiting Bitcoin over the past week.

Are Prices Bracing For Macro Events?

Meanwhile, the broader market shows a recovery-like trend ahead of the U.S. FOMC next week. Set to occur on March 19, the monetary policymaking decision remains much eyed by investors globally.

Market-wide expectations of unchanged interest rates by the U.S. Fed prevail at the moment. Also, the latest U.S. CPI data indicated cooling inflation, offering some support to risk assets. In turn, traders and investors speculate whether a price recovery is possible after the turmoil caused by Donald Trump’s tariff saga.

Global markets, including crypto, took severe heat previously, although recent price actions signal that a recovery and bull cycle continuation might be on the horizon.

✓ Share:

Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.