Ethereum core developer Zak Cole has launched a new organization, the Ethereum Community Foundation (ECF), with a bold mission: drive the price of Ether (ETH) to $10,000 and refocus the ecosystem’s attention on ETH as an asset. Unveiled at the eighth Ethereum Community Conference in Cannes, France, the ECF operates independently from the Ethereum Foundation. According to Cole, the ETH Foundation has increasingly sidelined ETH’s value in favor of ecosystem development. “We are the Ethereum Community Foundation. We say what the [Ethereum Foundation] can’t, we do what the [Ethereum Foundation] won’t,” Cole declared during his presentation. Zak Cole’s ECF rejects VC-backed tokens in push for Ethereum monetary reform The ECF plans to fund infrastructure projects that grow the Ethereum ecosystem and bolster ETH’s price. Grant recipients must build tokenless, immutable applications that use Ethereum’s mainnet as the settlement layer, thereby contributing to ETH burn through transaction fees. Source: Ethereum Community Foundation Eligible projects must also support public goods and scale ETH without introducing new tokens or relying on venture capital. “ETH’s price is a direct function of its security,” Cole wrote in an X post, underscoring the foundation’s vision for a stronger monetary foundation for the token. The first grantee, Ethereum Validator Association (EVA), will give validators a greater role in shaping ETH’s monetary direction by prioritizing EIP development and client performance. Cole said the EVA introduces validator representation, noting it will empower high-performing clients. Cole also criticized the Foundation for backing projects like Uniswap, Optimism, and Ethereum Name Service, which later launched venture capital-backed tokens. He said publicly funded projects should remain public and benefit those who have paid for them. He further raised concerns about potential conflicts of interest, citing Offchain Labs’ ownership in Prysmatic Labs—developers of Prysm, ETH’s second-largest consensus client. As of press time, the Foundation has not responded to a request for comment. Ethereum developer launches ECF to target $10K ETH as ETF inflows hit $260M ETH price predictions are once again dominating crypto conversations, with analysts forecasting a possible rally to $10,000 by early 2026. Cole’s mission to restore ETH’s monetary status coincides with growing institutional interest, which may already align with his vision. This renewed optimism comes as Ethereum exchange-traded funds (ETFs) recorded a combined $260 million inflows last week — a strong signal of growing institutional appetite for ETH. Adding fuel to the fire, market intelligence reveals a surge in interest surrounding a new altcoin following a wallet reveal tied to the project. The token, slated for launch in Q3, has attracted attention from “smart money,” with on-chain activity spiking sharply in response. Blockchain data shows a marked increase in ETH’s network demand since the wallet’s unveiling, with daily active addresses and transaction volumes ticking upward. Analysts leveraging Fibonacci retracement models suggest a possible breakout scenario, projecting a price range of $10,000 to $12,000 by early 2026, provided ETH can overcome critical resistance levels. More cautious forecasters maintain that while ETH may eventually breach $10,000, such a move is more likely in the post-2026 horizon, contingent on broader market cycles and macroeconomic tailwinds. ETH technicals and fundamentals align for a bullish setup Currently trading at $2,599.98, ETH is holding firm amid a consolidation pattern just below a descending resistance trendline. June’s close near $2,470 has formed a base for what some analysts interpret as a Wyckoff accumulation phase — a bullish technical setup that could precede a major breakout. The narrative is further supported by improving fundamentals: institutional wallets have quietly accumulated more ETH, and speculation surrounding the approval of spot Ethereum ETFs has led to renewed retail and institutional interest. DeFi activity, boosted by ETH’s upcoming sharding upgrade, is also pivotal in building long-term bullish sentiment. Some ETH price models call for a medium-term move toward $3,400, suggesting bulls remain in the market. The convergence of ETF momentum, network upgrades, and institutional buying has created a perfect storm for ETH, which could eventually carry the world’s second-largest cryptocurrency to five-figure territory. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
