Ethereum

Ascend

2024

Coin

<ul class="news-points"> 
 <li><strong>Ethereum’s co-founder and another whale offload millions of ETH.</strong></li> 
 <li><strong>A break through the $2,550 resistance might send ETH to $2,715.</strong></li> 
 <li><strong>If bears halt the bullish setup, ETH’s price might pull back below $2,300.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/ethereum-eth-price-prediction/">Ethereum (ETH)</a> could be on the verge of a significant decrease if recent events eventually impact the price. On February 10, Lookonchain confirmed that co-founder of Ethereum Jeffrey Wilcke transferred 4,300 ETH, valued at $10.7 million to the crypto exchange Kraken.</p> 
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   <p lang="en" dir="ltr">Jeffrey Wilcke, the Co-founder of <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Ethereum</a>, deposited 4,300 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($10.7M) to <a href="https://twitter.com/hashtag/Kraken?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Kraken</a> 7 hours ago.<a href="https://t.co/STceT5cQmT" target="_blank" rel="nofollow">https://t.co/STceT5cQmT</a> <a href="https://t.co/ROG0evjirh" target="_blank" rel="nofollow">pic.twitter.com/ROG0evjirh</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1756378455745396740?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 10, 2024</a>
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<p>Whenever a large volume of cryptocurrency is sent into an exchange, it usually means the participant involved is ready to sell. The incident sparked discussion among market watchers and investors who wondered why a founding member of the project would decide to offload at this time.&nbsp;</p> 
<h2 class="wp-block-heading" id="h-whale-joins-the-party"><strong>Whale Joins the Party</strong></h2> 
<p>In November 2023, Coin Edition <a href="https://coinedition.com/vitalik-buterins-181k-eth-transfer-to-coinbase-sparks-speculation/">reported</a> how Vitalik Buterin, another co-founder sold 100 ETH. At that time, ETH’s price was $1,800. But a few days later, the price jumped above $2,000, Co…</p>
<p>The post <a href="https://coinedition.com/can-ethereum-eth-ascend-higher-despite-massive-transfers/">Can Ethereum (ETH) Ascend Higher Despite Massive Transfers?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Can Ethereum (ETH) Ascend Higher Despite Massive Transfers?

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