Ethereum Foundation Bolsters Security with Pascal Caversaccio Board Appointment
Ethereum's price is trading near $1,920 as the Ethereum Foundation signals a shift in long-term priorities. The appointment of Pascal Caversaccio to the board adds deep security experience and reinforces Ethereum's focus on censorship resistance, privacy, and open-source development.
Caversaccio co-founded SEAL 911 and wrote the Ethereum Cypherpunk Manifesto. He serves in the Foundation's Silviculture Society, which focuses on long-term resilience. His addition arrives as Ethereum navigates mixed spot ETF flows and a cautious macro backdrop.
The technical structure remains constructive, with support around the upper $1,700s if ETH pulls back. A clean close above $1,930 would put the $2,000 psychological resistance back in focus, but model projections for August still span a wide range.