Ethereum outlook darkens as founder Vitalik Buterin sends 600 ETH to Coinbase

2023-8-22 14:52

On Monday, Ethereum co-founder Vitalik Buterin transferred 600 Ether, worth approximately $1 million, to exchange Coinbase. That comes as the overall cryptocurrency market recorded downside price movements, with Ether losing over 10% following the latest dip.

📣vitalik.eth transferred 600 ETH (~$1 million) to Coinbase.

➡️Source: https://t.co/OAGRL7Iu0E pic.twitter.com/MnDBcatXwz

— Fin-y •|• 👽 (@Finy_sol) August 21, 2023

Analysts expect more price declines from the second-largest crypto by value, targeting the $1,000 value area. Vitalik accelerated the ongoing bearish momentum by triggering panic mode among enthusiasts.

Ethereum co-founder preparing to sell Ether?

Etherscan data shows a Buterin-linked wallet sent 600 Ether to exchange Coinbase on Monday, 21 August. The transfer raised eyebrows in the crypto community as the Ether movement by the ETH Foundation and Vitalik Buterin typically catalyzes price declines.

Crypto enthusiasts expect further price dips from the altcoin as the creator’s action signal potential token sales.

Further dips in Ethereum?

Ethereum changed hands at $1668.23 at press time, exhibiting bearishness in its 12-hour and weekly charts. The token lost 0.90% over the past day and 9.65% within the last seven days.

On-chain data from @ArkhamIntel shows @VitalikButerin sent 600 $ETH worth over $1 million to @coinbase!

It looks like he is cashing out before the anticipated #ETH dip to $1,000. https://t.co/B5DfaIyB4z pic.twitter.com/qcw99179NB

— Ali (@ali_charts) August 21, 2023

Meanwhile, analysts believe Ethereum will experience more downsides. Renowned crypto expert @ali_Charts believes Vitalik Buterin is cashing out to escape imminent price plunges to $1,000. He added that the alt should steady beyond the $1,600 – $1,550 value area to prevent the anticipated crash.

Ethereum exhibits a weak market structure, and that matches the bearish narrative. Nonetheless, enthusiasts should follow upcoming Ether updates and broad market developments for the potential future.

The post Ethereum outlook darkens as founder Vitalik Buterin sends 600 ETH to Coinbase appeared first on Invezz.

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ether ethereum buterin coinbase vitalik dip downside

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Источник: invezz.com

ether ethereum → Результатов: 126

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2019-5-23 23:32
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2019-5-20 18:50	Cryptopia
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33% Of Ether Owned By Only 376 People

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Ethereum Price Jumps to 8-Month High After Bitcoin Plunges $645

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2019-5-16 18:00	ethereum
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Big, greedy Ethereum whales account for 33 percent of cryptocurrency’s supply

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Ethereum’s Decentralization in Question with 376 Wallets Holding One-Third of All ETH

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2019-5-16 13:20	Whales
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Joe Lubin, Jimmy Song Outline Massive Bet On Future Of Ethereum DApps

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2019-5-15 21:08	DApps
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Vitalik Buterin, Joseph Lubin Each Donate 1,000 Ether to Moloch DAO

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2019-5-11 02:16	vitalik buterin
ether vitalik moloch joseph lubin buterin each

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Buterin And Lubin Among $700,000 MolochDAO Investors

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2019-5-10 02:59
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2019-5-10 22:00	Technical Analysis
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dApp Transaction Volumes Hit New Highs in April

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2019-5-7 19:08
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2019-5-7 15:30	News
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Ethereum Price Analysis: Ether Soars

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2019-5-7 15:25	Price Analysis
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CFTC May Approve Ethereum Futures

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2019-5-7 17:44	law and legislation
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Will Ethereum Futures Pump or Dump the Price?

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2019-5-7 15:09	USA
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Regulators Ready to Approve Ethereum Futures, CFTC Insider Says

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2019-5-6 12:00
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Ethereum (ETH) Price Prediction: Can Ether Hold This Key Support?

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2019-5-6 07:08	ethereum
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2019-5-2 23:21	Investing
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Cryptocurrency Q1 roundup: How did Ethereum perform?

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2019-5-1 21:47	hard fork
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2019-4-27 02:00	Ether
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2019-4-26 12:18
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Ethereum bandit makes off with $6.1M after bypassing weak private keys

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2019-4-24 16:22	Insider
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Ethereum [ETH] might have caught a break from bears due to formation of ‘Golden Cross’

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2019-4-20 09:00	News
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2019-4-19 18:33	blockchain
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Сообщество Ethereum обеспокоенно отсутствия прозрачности в Ethereum Foundation

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2019-4-12 18:56
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Сообщество Ethereum обеспокоенно отсутствием прозрачности в Ethereum Foundation

2019-4-12 18:56
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Dex Brokerage finalizes integration with Kyber Network

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2019-4-11 18:55
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Poloniex Expands Margin Trading Offering For Non-US Customers

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2019-4-11 22:57	Poloniex
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Ethereum Shorts Fall To Record Low

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2019-4-11 12:40	ethereum
low fall ethereum dropped ether record shorts

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Opera Launches Dapp-Focused Desktop Browser With Built-In Ethereum Wallet

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2019-4-9 10:00	Опера
wallet opera browser built-in desktop collectibles ether

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Opera Launches Desktop Dapp Browser With Built-In Ethereum Wallet

Opera has launched the desktop version of its new browser with a built-in wallet for ether, ERC-20 tokens and CryptoKitties-style collectibles.

2019-4-9 10:00	Опера
wallet opera browser built-in desktop collectibles ether

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Ethereum’s Community Issues Need Fixing Before Ether Blockchain Upgrades

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2019-4-8 19:54	News
blockchain ethereum platform upgrades fixing need issues

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Crypto in the Mainstream: Ether Makes Cameo in Netflix Series

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2019-4-6 02:00
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How to Mine Ethereum [2019] – Complete Guide on Ether [ETH] Mining

The mechanism that made Bitcoin a breakthrough technology is Proof-of-Work (PoW). The concept is basically a protocol for determining the validity of a transaction on the network via consensus. Introduced in the Bitcoin whitepaper, it allows people to send money or value to each other over the internet in a way that requires no middle […] How to Mine Ethereum [2019] – Complete Guide on Ether [ETH] Mining was originally found on Cryptocurrency News | Blockchain News | Bitcoin News | blokt.com.

2019-4-2 02:19	ethereum
bitcoin mining mine eth ethereum complete 2019

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Ethereum Price & Technical Analysis: Ether Struggling Hard

Coinspeaker Ethereum Price & Technical Analysis: Ether Struggling HardEthereum is struggling hard, says Dmitriy Gurkovskiy, chief analyst at RoboForex.Ethereum Price & Technical Analysis: Ether Struggling Hard

2019-3-28 18:22
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