Vitalik sells 17K ETH in one month after earmarking $45M for privacy

💡 DMK Insight

Ethereum’s co-founder’s wallet drop of 17,000 ETH is a significant red flag for traders. This decline could signal a shift in sentiment or liquidity concerns, especially with ETH currently at $1,850.65. If this trend continues, it might indicate that larger holders are looking to liquidate or reposition, which could lead to increased volatility. Traders should keep an eye on the 24-hour trading volume and any sudden price movements that could correlate with further sell-offs. Additionally, this could impact related assets like DeFi tokens, which often follow ETH’s lead. On the flip side, if ETH manages to hold above key support levels, it could attract buyers looking for a dip. Watch for the $1,800 level as a potential pivot point; a bounce here could signal a buying opportunity, while a break below could trigger further selling pressure.