Ethereum

<ul><li>Ethereum plunges to $1,540, stirring dormant $ETH from old wallets.</li><li>Vitalik Buterin&#39;s compromised account coincides with Ethereum&#39;s market dip.</li><li>Signs of capitulation emerge as Ethereum faces market and security turmoil.</li></ul>Amid concerns that the crypto market may enter a new downturn, Ethereum, the world&#39;s second-largest cryptocurrency, has recently exhibited signs of vulnerability. Market analysis by Santiment, a crypto market intelligence platform, indicates Ethereum dipped to $1,540, a rate unseen since March<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8e1eaba1ca1e4a74a5657f08e1a3baf2.png" />Additionally, large swaths of inactive Ethereum have started moving out of old wallets, potentially signaling an upcoming market reversal. These dynamics followed shortly after an alarming <a href="https://cryptotale.org/analyst-signals-imminent-21-drop-in-btcs-price-due-to-cme-gap/" rel="noopener noreferrer nofollow">security breach</a> involving Ethereum&#39;s co-founder, Vitalik Buterin, which led to nearly $700,000 in losses.After weeks of stagnant behavior, a massive shift in previously dormant Ethereum from long-held wallets has raised eyebrows. With a decline in the mean age of $ETH, Santiment&#39;s data suggests this could be a sign of <a href="https://cryptotale.org/ethereum-concentration-rises-top-addresses-control-35-supply/" rel="noopener noreferrer nofollow">capitulation</a>. Usually, capitulation is considered a precursor to market reversals, either bullish or bearish. At the time of writing, Ethereum was trading at <a href="https://coinmarketcap.com/currencies/ethereum/" rel="noopener noreferrer nofollow">$1,579.73</a> with a 24-hour trading volume of over $8.6 billion, reflecting a 2.21% drop in the last day alone.With Bitcoin trading at around <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$25,760</a> and a 24-hour volume of approximately $17.6 billion, Ethereum remains second in the list of top cryptocurrencies by market cap, which currently stands at roughly $189.9 billion. Data analytics firm Arkham revealed a compelling mix of market participants in the Ethereum ecosystem, including exchanges, active whales, and even a permanently destroyed wallet, accentuating the complex landscape that investors navigate.Read full article at <a href="https://cryptotale.org/eths-slide-to-1540-syncs-with-huge-outflows-from-aged-wallets/" rel="noopener noreferrer nofollow">CryptoTale .</a>

ETH's Slide to $1,540 Syncs with Huge Outflows from Aged Wallets

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