“Vitalik, Do Something”: Ethereum Price Has Returned to $2,000 Twelve Times Since 2021

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“Vitalik, Do Something”: <a href="https://jpyeur.com/eth-usd/">Ethereum</a> Price Has Returned to $2,000 Twelve Times Since 2021

Okay, so Ethereum is currently around $2,055. That’s a pretty big drop – almost 58% – from its peak last August when it hit nearly $4,953. Honestly, it’s frustrating to see this happen again and again in crypto – prices get really high, then fall back down to this same level. It’s a pattern we’ve seen before, and it’s definitely making me a little uneasy.

Trader Ash Crypto and others highlighted how often Ethereum (ETH) has briefly reached the $2,000 mark since April 2021. They created a list showing twelve instances over five years, projecting the latest one to occur in April 2026.

“Dear Vitalik, Please do something,” he wrote.

The frustration behind those words is widely shared.

The Foundation Just Made Its Biggest Staking Move Ever

Arkham Intelligence reports that the Ethereum Foundation has increased its staked Ether (ETH) by $46.64 million, now totaling $96.59 million. This is part of a larger strategy to stake a total of 70,000 ETH, using the rewards earned from staking to cover operating costs instead of regularly selling ETH.

What really struck me during my research was how the Foundation has historically funded its operations. They’ve consistently relied on selling off parts of their own holdings, and while the community understood the need, there was always concern that these sales would drive prices down at inopportune moments.

Moving to a yield-based system isn’t just a financial adjustment for the Foundation; it also eliminates a long-standing reason why the price of ETH has often fallen.

When people lock up their Ether (ETH) for staking, it reduces the amount available for sale on the market. With over $96.59 million already committed and the number growing, this is creating a noticeable decrease in the available supply.

Why $2,000 Still Isn’t Giving Way

The Foundation is changing its behavior in a noticeable way. The market isn’t reacting positively yet, and the issues go beyond simple technical factors like price levels.

Despite reaching a record 836,000 active users in early 2026, Ethereum saw a sharp drop in user retention, hitting a low of just 14.2%. This meant that while many people were trying out the network, most weren’t returning or investing in ETH.

More people using Layer 2 networks has lowered the amount of ETH destroyed with each transaction, which reduces a key reason why people buy ETH. At the same time, Ethereum ETFs have experienced over $392 million in withdrawals, indicating that institutions are selling rather than investing.

Trader Ted notes that Ethereum is currently staying above the $2,000 mark, but it’s still facing strong resistance between $2,100 and $2,150.

“If Ethereum loses the $2,000 level,” he noted, “I guess more downtrend will happen.”

Some experts are starting to wonder if Ethereum will remain the second most valuable cryptocurrency, making its current price level particularly important.

The Setup Is There, the Catalyst Isn’t Yet

The decrease in Ethereum sales from the Foundation is a good long-term sign, but it won’t immediately cause the price to go up. Price increases happen when demand rises, not just when the amount available decreases. Currently, large investors are still hesitant, and the price keeps hitting a ceiling around $2,100. For a significant price increase, we need to see more than just this reduction in selling pressure.

The Foundation’s recent actions have removed a common concern about the future price of Ethereum.

It’s still unclear if this current phase will finally address the Ethereum community’s long-standing request to Vitalik, and the market data is the only place to look for a definitive answer.

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2026-04-03 14:37