Ethereum slides to $1,612 amid Foundation restructuring and persistent ETF outflows – here's the latest: • Ethereum Foundation cuts 54 employees (20% of staff) and reduces budget by 40% in major restructuring (23 June 2026) • Spot Ether ETFs record $274M in outflows over five sessions, with zero positive flow days in the past week • BitMine adds 27,084 ETH, now holds 5.7M ETH (4.7% of total supply) and joins Russell 1000 index (26 June 2026) • Crypto Fear & Greed Index sits at 13 (Extreme Fear), down 11 points in a week as Bitcoin drops 7.09% • Retail longs dominate at 66.8% on Binance ETHUSDT, signaling crowded positioning and potential correction risk
