{"id":433993,"date":"2023-08-28T13:45:06","date_gmt":"2023-08-28T13:45:06","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=433993"},"modified":"2023-08-28T13:45:06","modified_gmt":"2023-08-28T13:45:06","slug":"ethereum-price-prediction-eth-consolidates-at-1650-bull-run-ahead","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/ethereum-price-prediction-eth-consolidates-at-1650-bull-run-ahead","title":{"rendered":"Ethereum Price Prediction: ETH Consolidates at $1,650 \u2013 Bull Run Ahead?"},"content":{"rendered":"

Ethereum (ETH<\/a>) price continues consolidating around the $1,650 level<\/a> despite another voluminous transfer by Vitalik Buterin. With this, investors now wonder whether the move will lead to another bold move, the largest altcoin by market capitalization.<\/p>\n

Ethereum Founder Vitalik Buterin’s Recent Crypto Transaction in Talks<\/h2>\n

Recently, Vitalik Buterin<\/a>, the co-founder of Ethereum, has executed a significant transaction. This move has generated considerable attention and speculation within the crypto community. Buterin is a prominent figure in the blockchain space, known for his contributions to developing the Ethereum network. The network is touted as one of the leading blockchains, with ETH being the second largest cryptocurrency after Bitcoin (BTC<\/a>).<\/p>\n

Over the years, Buterin’s actions have often garnered interest due to their potential impact on the market. He has occasionally divested Ethereum holdings and rejected tokens from unplanned altcoin airdrops. The innovator’s financial decisions have a ripple effect on the cryptocurrency landscape.<\/p>\n

On August 28, Vitalik Buterin initiated a transfer of 3,000 ETH to an address labeled “Vb 2” (0x1Db3439a222C519ab44bb1144fC28167b4Fa6E). This was approximately $4.9 million at current rates. The transaction raised eyebrows within the crypto sphere due to its mysterious nature. The recipient’s identity remains undisclosed, as does the specific purpose behind the transfer.<\/p>\n

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#PeckShieldAlert<\/a> vitalik.eth labeled-address has transferred 3K $ETH<\/a> (~$4.95M) to Vb 2 labeled-address pic.twitter.com\/f8ETU42TrD<\/a><\/p>\n

— PeckShieldAlert (@PeckShieldAlert) August 28, 2023<\/a><\/p><\/blockquote>\n