ETH 1700 grinding at the bottom—Wang’s resignation is just a brief interlude; we’re waiting for a catalyst such as a policy or an economic model.

Ethereum's price dropped from over $2,000 in mid-June to around $1,700, and on June 18th, co-executive director Wang Xiaowei resigned, adding uncertainty with changes in the foundation's senior management. Despite the progress of the roadmap, the price remains hovering around the $1,700 range, with analysts saying they are waiting for catalysts such as policy changes or token economics. Wang's departure is part of multiple senior management changes, and the foundation continues to fund core protocol work, with the technical roadmap unaffected.