Ethereum Name Service plans major .eth overhaul with one irreversible catch for domain holders

The Ethereum Name Service is preparing a major overhaul of .eth domain management, with a pending activation draft that sets no migration deadline. The key catch is that moving a name to the new system would permanently end its management on v1, making the transition irreversible. This is a protocol-level operational change for ENS users rather than a market-moving event, so traders are unlikely to see a direct price impact on ETH.