CandleFocus Ethereum Slumps from $3,600 as Co-Founder Moves 20,000 ETH to Kraken
2024-11-28
Author: Content Editor
The co-founder of Ethereum, Jeffrey Wilcke, transferred 20,000 ETH (worth $72.5 million) to the crypto exchange Kraken, pushing the price of Ethereum downwards. This is the fourth Ethereum sale by Wilcke this year, with his total sales reaching 44,300 ETH. Despite the recent drop in price, analysts still expect Ethereum to appreciate in the long term, with targets of $6,000 in the mid-term and $10,000 in the long term. On-chain analysis suggests a mostly bullish signal for Ethereum, with an uptick in the number of holders in profit and an increase in whales holding Ethereum. Additionally, 90.8% of Ethereum holders are currently in profit.
Related News
3 Hidden Gem Altcoins That Can Yield Gains in December Trump win fuels bitcoin derivatives boom as futures open interest surges over $60 billion TON Teleport BTC White Paper Released, Mainnet Expected to Launch in 2025 Ethereum Rainbow chart predicts ETH price for Jan 1, 2025 Render price prediction: Will a bullish breakout push RNDR to $14? BlackRock Bitcoin ETF Scores 0 Flow in 2 Days, What's Happening? LTP and Bitstamp together to improve institutional crypto trading Michael Saylor Drops Epic Satoshi Message: Details Is BONK Rally In Jeopardy? Technical Indicators Confirm Weakness How high can Dogecoin price rise if Bitcoin hits $122k? XRP on Brink of All-Time High as Rare Golden Cross Nears Why Is Ethereum Going Up? Technical and Fundamental Price Analysis Morpho and Aave Lending Protocols See Surge Amid Crypto Market Optimism and Increased Borrowing Demand LUNC price could soar as Terra Luna burns 1.34b tokens ParaFi makes 2 big predictions for 2030 New Wallet Accumulates 60,000,000,000 Shiba Inu From Binance Are NFTs Dead? A Deep Dive Into NFT Market Data Here's Why Cardano's Rally Is Delayed Bitcoin halving birthday: 12 years of limited supply and milestones Khabib ‘supports’ new crypto riding Conor McGregor civil case Shiba Inu (SHIB) Holders Move 5.45 Trillion Tokens Off Exchange, $0.000030 in Sight Here's Key Reason Behind Recent Bitcoin Correction Here's Why Chainlink Price Will Hit $600 & Outperform Ethereum BNB Price Prediction As Analyst Forecasts $1,000 Target Top analyst explains why Ethereum price could hit $10,000 ‘Alameda Gap’ in Liquidity Fully Closes After Two Years Pyth Network price eyes channel breakout following 21Share’s PYTH ETP release Telegram Game W-Coin Airdrop Gets a Brutal Inactivity Rule 43 Million XRP in 24 Hours: Here's What Happened MetaMask co-founder: Memecoins reveal Web3 and AI consent flaws Bitcoin (BTC) Investors on the Lookout: These Two Levels Are Critical! There is a Risk of $1.8 Billion! Cardano’s 27% Surge Brings 32 Billion Coins into Profit Zone $13.6B in Bitcoin options expire Friday — Can bulls push BTC price to $100K? ETH Price at Risk? Ethereum Co-Founder Moves $72.5M of Tokens Crypto hackers steal $71M in November, bringing yearly total to $1.48B Will the Thanksgiving rally finally push Bitcoin to $100,000? Polygon’s Sandeep Nailwal thinks Vitalik Buterin doesn’t like Polygon POS, wants to know why Why These Altcoins Are Trending Today — November 28 Bitcoin's (BTC) Historic First Halving Happened 12 Years Ago on This Date: Details AI sets Bitcoin price for Cyber Monday Cardano (ADA) Price Prediction for November 28 Ethereum (ETH) Holders Have Rarely Been This Profitable: All-Time High Next? If you invested $1,000 in Bitcoin when Trump won the election, you’d now have this much Crypto Exchange Bybit Turns Six, Announces bbSOL Campaign With $1.2 Million Rewards What happens if MicroStrategy can’t sell enough bitcoin to repay lenders? Ethereum Slumps from $3,600 as Co-Founder Moves 20,000 ETH to Kraken Top Analyst Says Shiba Inu Ready to Break Above Weekly Ichimoku Cloud: Here are Targets to Watch JUST IN! Binance Labs Announces New Cryptocurrency Project It Invested In! Ethereum Cofounder Sends 20,000 ETH to Kraken, Chart Suggests Price Surge Ethereum Layer 2 Starknet Sees 550% TVL Surge in 2024 Driven by STRK Token and DeFi Expansion DOGE Price Prediction for November 28 Will Bitcoin Reach $100,000? Dogecoin Founder Shares Take Bitcoin Miners Approach $40B Market Cap as Difficulty Set for Fifth Straight Increase Charles Hoskinson Breaks Silence on Quantum Hosky 150 Billion Pepe (PEPE) Withdrawn From Binance: What's Up? PancakeSwap Tackles MEV Exploits with New Security Feature on BNB Chain Rethinking energy storage with Bitcoin mining | Opinion Analyst Says If You Hold XRP, You Will Be Very Rich Soon Binance announces PayDay, a shopping event with $200k in cashback rewards Ripple Vs SEC Update: Key Win For Ripple As Court Speeds Up XRP Lawsuit Judgment Ethereum’s $43 Billion Volume Powers Price Surge Past $3,600 — Altcoin Season Nears Solana Price Eyes $1,500 As SOL Rivals Ethereum Across All Metrics SingularityNET and Mina Foundation Join Forces to Advance Decentralized AI with Zero-Knowledge Proofs Aethir Fuels the Future of AI by Providing Innovators with $100M in Funding and GPU Compute Power XLM Price Kickstarts Parabolic Rally to $1 After Recent Breakout 5 DePIN Altcoins to Watch in December 2024 Coinbase’s decision not to support Celo Layer 2 upgrade causes stir among stakeholders Is Aptos primed for a breakout? – Traders look out for THESE levels Bitcoin Rises Above $90,000 Again And Continues To Rise How High Can Pepe Coin Price Surge In December? Market Expert Says XRP to $2 is Not Even a Question $ENS Token Surges 55% as Crypto Whale Takes $968K Profit Polyhedra Network Partners with Cysic to Revolutionize Real-Time ZK Hardware Proving EigenLayer Eyes $6 as Channel Breakout Fuels Trend Momentum Ex-Binance exec sues for whistleblowing, citing bribery and unfair dismissal claims: report Volatility Shares Combines Crypto and Index Assets in New ETF Offerings Ethereum Name Service (ENS) Soars to New Yearly High of $37.29, Leads Top 100 Gainers Shytoshi Kusama Plans to Take SHIB to Top 5: Details UltraShort Bitcoin ETF Offering 2x Inverse Returns Sees Record Volume as BTC Holds Above $90K SAND, MANA, KAIA, and EIGEN Shine as Top Low-Cap Altcoins to Watch in 2024 Standard Chartered calls stablecoins crypto's first 'killer app' Ethereum price approaching ‘trouble area’, crash below $3,000 imminent? Here Are Projected Timelines for Dogecoin to Hit $3.03, $9.35, and $18.03 Players are trying to convince this AI to hand over her $40,000 crypto stash Can Ethereum Name Service (ENS) Bulls Set Their Sights on $40? ‘God Candle’ Loading for One Ethereum Rival, Says Analyst – Here’s His Outlook Why Is the Future of Cardano (ADA)? News Analysis and Price Prediction [2025-2030] Ethena Price Shoots 22% Amid Heavy ENA Accumulation by Arthur Hayes Over half a billion in crypto loot laundered via Tornado Cash in 2024: report Shiba Inu Team Compares Current SHIB Rally to 2020, Says Super Cycle Yet to Come SlowMist Detects Suspicious Activity in JUMPFUN Project Expert Says Suppression Tactics Against XRP are Fading Is PEPE Paving the Way For Price Recovery Amid Resuming AltSeason? Coinbase CEO Shares Four Key Indicators Confirming the ‘Internet of Money’ Vision is Taking Shape XRP Targets $2: Bullish Pennant Points to a 37% Breakout SushiSwap Launches Dojo Agent, Tweet Tokens for Memecoins Elon Musk says his D.O.G.E is going after the IRS, plans to cut its budget Helium momentum strengthens as it reclaims $1B market cap: what’s next for HNT price? As Ethereum Breaks Five-Month High, Analyst Says ETH is Headed for $6,000 Russia sees 8% rise in crypto exchange traffic as Bitcoin price climbs, telecom giant says AI coins market cap hits ATH following better-than-expected Nvidia’s earnings report Epic Games hit Off The Grid wins Game of the Year at first live 2024 GAM3 Awards Telegram CEO Vows to Hold MAJOR for 10 Years as Exchange Listings Fuel Expansion Robinhood Crypto EU Expands Offerings With Circle USDC Stablecoin Is Bitcoin’s Drop in MDIA a Sign of Continued Bullish Momentum? US Congressman Says Gary Gensler Set the American Dream 20 Years Backwards with Poor Crypto Regulation Shiba Inu Dev Reacts as Shibarium Looks to Integrate Chainlink’s CCIP for Chain Interoperability XRP Begins Moving to $2 Again Almost All Ripple USD Tokens Got Burned. Is Announcement Near? SingularityNET partners with Mina for privacy-focused decentralized AI SHIB Burns Skyrocket 5,154%, Here's What's Happening Solana (SOL) Bears Threaten $225 Support as Buying Pressure Fades Ethereum L2s surpass record $51B TVL after 205% yearly growth ENS jumps 32%, ENA 18% as Bitcoin blinks to $97k Crypto exchange XT.com suspends withdrawals amid $1.7M hack report Metaplanet Boosts Bitcoin Holdings with New Initiative Crypto Exchange HyperLiquid to Airdrop 310M Tokens to Early Adopters Bitcoin Hasn’t Yet Reached Parabolic Phase, According to Trader That Called 2021 Crypto Collapse As Bitcoin and the Market Recovers, Santiment Reveals the 10 Altcoins with the Most Increased Community Sentiment Bitcoin Exchange OKX Announces That It Has Delisted This Altcoin From Margin Trading! Ex-Revolut duo raise $2.3 million to build 'blockchain bank account' Bleap Metaplanet shares added to Amplify Transformational Data Sharing ETF Pro-XRP Lawyer John Deaton Endorses Paul Atkins as Potential SEC Chair Ripple's XRP eyes rally to $2.58 as whales step up buying pressure Bitcoin Price Bounces Back: Will the Climb Continue? Crypto thrives in India despite ‘discouraging’ taxes — Local community BulbaSwap & iExchange Unite for Seamless DeFi Off-Ramping XRP Price of $20 Possible, Says Analyst, If XRP Reclaims Its 2017 Peak Against BTC Experts Say Buying XRP Now is Still Cheap, as XRP was Chosen Long Ago Bitcoin Hitting $100,000 Today Would Confirm That We Live in Simulation Bitcoin venture capital firm Axiom hires ex-UK minister TON Crypto: Volatility Rises Post-Golden Cross, Is $14 Next? JMJ Mach: Revolutionizing luxury watches with blockchain and NFTs Terminus Partners with PoP Planet to Enhance Web3 Ecosystem Zesh and Mars4 Partner to Transform Web3 Gaming Engagement Hong Kong leads Web3 race; China tackles digital divide Buying Bitcoin in 2013 was like buying ‘gold in 1,000 BC’ — Pantera CEO Ethereum Explodes With 10% Gain—Is Altcoin Season About to Ignite? Then They Fight You: Bitcoin and the United States’ Fiscal Crossroads Base Transactions Record Hits 11.447M in Single Day $DOGS Joins ‘Best Friends’ Animal Society to Promote “No-Kill Pledge” and Shelter Adoptions Hong Kong leads Web3 race; China tackles digital divide Tornado Cash Ruling a Boon For Ethereum and DeFi Says 10X Research Why is Bitcoin Price not Crashing Today? FBI Sting Reveals Bitcoin Scheme Behind Counterfeit Goods Network Cardano Price Prediction For November 28 Will Algorand (ALGO) Price Hit $1 Soon? Russia Approves Crypto Tax Law, Redefining Digital Currency Rules SHIB Price Ready to Soar? Bullish Patterns to Watch Today Zesh and Mars4 Partner to Transform Web3 Gaming Engagement XRP Price Set to Explode? Whale Moves $36.67M in Tokens XRP Price Prediction For November 28 White House Crypto Czar? Why Dogecoin Price Could Hit ATH Soon: Growing Optimism, Bullish Sentiment, and Market Trends Ripple Launches XRPL Foundation in France Following SEC Case Victory Can Decentralized Social Media Truly Guarantee Freedom of Speech? MetaMask integrates Venmo to enhance fiat-to-crypto onramp options FTM Gain 63% to $1.08 as Network Activity Hits 18-Month High Huge ‘screw-up’ — Pump Science apologizes after flood of fraud tokens Tether Discontinues EURT Stablecoin, Here's Why Bitcoin Surges Past $96K; Eyes $100K Breakthrough Bitcoin (BTC) Bounce to Start Here, Ethereum (ETH) to Skyrocket? Toncoin (TON) Dominates Top 15 Ethereum Whale Amasses $64M in ETH Amid Market Surge Pepe Surges 14% Dogecoin, Shiba Inu, and Bonk Shot Cimb 7% Japan police bust online gamblers for first time using crypto ‘tracking tool’ Will Trump extend presidential pardon to Binance’s CZ? 2 strong reasons it might happen Celsius begins second distribution of $127 million to eligible creditors Seven Things to Tell Your Crypto-Curious Relatives at Thanksgiving