Harvard University has completely divested its holdings in Ethereum (ETH) after just one quarter, a decision influenced by ETH's drastic decline of over 50% from its peak of nearly $5,000 in August 2025. This move aligns with a turbulent period for the Ethereum ecosystem, marked by significant leadership changes within the Ethereum Foundation (EF). In 2026 alone, eight researchers have left the EF, including notable figures Julian Ma and Carl Beek. Additionally, Josh Stark, a long-time researcher and former project manager, exited in April. The EF has faced scrutiny following the release of its new mandate in March, which emphasizes decentralization, privacy, and open-source software. However, the community's response has been mixed, with some critics like journalist Laura Shin arguing that the EF should focus more on improving the economic aspects of Ethereum and competing more aggressively in the market. As the crypto landscape evolves, the Foundation's ability to adapt and maintain its relevance remains a critical concern for stakeholders and investors alike.