Etheruem co-founder Vitalik Buterin sent $1 million worth of Ethereum (ETH) to Coinbase.
Ethereum co-founder Vitalik Buterin transferred 600 Ethereum (ETH) worth about $1 million to Coinbase during the day, according to data from blockchain scanning website etherscan. It is not known for what purpose the ETH transfer, which is worth approximately 1 million dollars, will be used yet. Considering the chaos in the market, Buterin’s move seems to be very controversial. But how does the chart continue on the ETH side?
Ethereum (ETH) technical analysis
ETH, which has been in a downtrend since $ 1,846, pinned to $ 1,550 with the collapse in BTC. However, with the emergence of ETF claims, the leader of altcoins, which caught a positive atmosphere, managed to reach $ 1,670. As of the writing of the news, if ETH, which is traded at an intermediate price, exceeds $ 1,716, it can move towards $ 1,777 – 1,846 – $ 1,915 and $ 1,976, respectively.
The case of Vitalik Buterin’s transfer focused on sales or BTC staying below $ 25,250 will naturally shake the price of ETH. In such a scenario, the support points that can be followed for ETH are 1.635 – 1.588 – 1.550 and 1.531 dollars, respectively. Protection of $1,531 could open the door for further declines to $1,488.
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