{"id":67616,"date":"2026-02-05T12:16:45","date_gmt":"2026-02-05T12:16:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethereum-price-slips-further-as-vitalik-buterin-dumps-6-6m-eth\/"},"modified":"2026-02-05T12:16:45","modified_gmt":"2026-02-05T12:16:45","slug":"ethereum-price-slips-further-as-vitalik-buterin-dumps-6-6m-eth","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethereum-price-slips-further-as-vitalik-buterin-dumps-6-6m-eth\/","title":{"rendered":"Ethereum price slips further as Vitalik Buterin dumps $6.6M ETH"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ChatGPT-Image-Feb-5-2026-05_12_02-PM-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ChatGPT-Image-Feb-5-2026-05_12_02-PM-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ChatGPT-Image-Feb-5-2026-05_12_02-PM-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/02\/ChatGPT-Image-Feb-5-2026-05_12_02-PM-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Ethereum price drops to $2,127 amid market weakness and high volatility.<\/li>\n<li>Vitalik Buterin sells $6.6M ETH, part of planned funding moves.<\/li>\n<li>Key support at $2,007, with resistance targets at $2,133 and $2,274.<\/li>\n<\/ul>\n<p>Ethereum (ETH) is under pressure as the cryptocurrency continues to face a significant pullback.<\/p>\n<p>The price of ETH has dropped to $2,098.91, down 5.6% in the last 24 hours.<\/p>\n<figure id=\"attachment_360481\" aria-describedby=\"caption-attachment-360481\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-360481 size-full\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/Ethereum-price-chart.png\" alt=\"ETH price chart\" width=\"1367\" height=\"900\"\/><figcaption id=\"caption-attachment-360481\" class=\"wp-caption-text\">Ethereum price analysis | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/n7WskMvZ\/?symbol=BINANCE%3AETHUSD\">TradingView<\/a><\/figcaption><\/figure>\n<p>This decline is part of a broader downtrend, with Ethereum losing around 28% over the past week and nearly 34% over the past three months.<\/p>\n<p>Trading volume, however, remained elevated at $54.5 billion in the last 24 hours, highlighting strong market activity despite the falling prices.<\/p>\n<h2>Vitalik Buterin\u2019s ETH trades<\/h2>\n<p>Adding to the market concerns, Ethereum co-founder Vitalik Buterin has sold millions in ETH.<\/p>\n<p>Reports indicate that wallets linked to Buterin moved roughly 2,961.5 ETH, valued at approximately $6.6 million at the time of sale.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">vitalik.eth(<a href=\"https:\/\/twitter.com\/VitalikButerin?ref_src=twsrc%5Etfw\">@VitalikButerin<\/a>) is dumping <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> fast!<\/p>\n<p>Over the past 3 days, Vitalik has sold 2,961.5 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>($6.6M) at an average price of $2,228 \u2014 and the selling is still ongoing.<a href=\"https:\/\/t.co\/Q9G1lEsdiP\">https:\/\/t.co\/Q9G1lEsdiP<\/a> <a href=\"https:\/\/t.co\/C1vBn5UimJ\">pic.twitter.com\/C1vBn5UimJ<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/2019281955255353650?ref_src=twsrc%5Etfw\">February 5, 2026<\/a><\/p>\n<\/blockquote>\n<p>These transactions attracted attention due to the timing of the Ethereum downturn.<\/p>\n<p>Additional reports highlight a separate $29 million ETH transfer, part of a planned reallocation by Buterin.<\/p>\n<p>The movement included converting ETH to wrapped ETH (wETH) and sending smaller amounts to his Kanro charity, which focuses on biotechnology and infectious disease research.<\/p>\n<p>Analysts stress that these transfers are likely strategic funding moves, not panic selling.<\/p>\n<p>Nevertheless, the market has interpreted these large movements as bearish signals.<\/p>\n<h2>ETH price analysis<\/h2>\n<p>Ethereum has been under pressure due to <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-erases-15-months-of-gains-falls-below-70k-amid-840m-liquidations\/\">broader crypto market weakness<\/a>.<\/p>\n<p>The 24-hour price range for ETH is currently $2,077.42 to $2,258.21, reflecting volatility and uncertainty.<\/p>\n<p>Ethereum\u2019s market capitalisation stands at $257 billion, with a circulating supply of 120.6 million ETH.<\/p>\n<p>The cryptocurrency is still down 57% from its all-time high of $4,946.05 in August 2025.<\/p>\n<p>Despite the decline, Ethereum remains a major player in the crypto ecosystem, with investors closely monitoring large wallet movements.<\/p>\n<h2>Ethereum price forecast<\/h2>\n<p>Traders are watching key levels for signs of market direction.<\/p>\n<p>The first support level to monitor is $2,007.<\/p>\n<p>If ETH fails to hold this level, it could drop further to the next support at $1,800.<\/p>\n<p>On the upside, $2,133 is the initial resistance level.<\/p>\n<p>A sustained break above this could push Ethereum toward $2,274, with the third resistance at $2,396.<\/p>\n<p><a href=\"https:\/\/www.coinlore.com\/coin\/ethereum\">Analysts like CoinLore<\/a> suggest that maintaining a price above the $2,007 support is critical for any potential recovery.<\/p>\n<p>Conversely, breaking below this level could accelerate selling pressure and test lower price floors.<\/p>\n<p>In conclusion, Ethereum faces a challenging period as both founder wallet activity and broader market trends weigh on the price.<\/p>\n<p>Traders should pay close attention to the support and resistance levels, as these will likely guide short-term movements in ETH.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/ethereum-price-slips-further-as-vitalik-buterin-dumps-6-6m-eth\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Ethereum price drops to $2,127 amid market weakness and high volatility. Vitalik Buterin sells $6.6M ETH, part of planned funding moves. Key support at $2,007, with resistance targets at $2,133 and $2,274. Ethereum (ETH) is under pressure as the cryptocurrency continues [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":67617,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67616"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=67616"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/67616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/67617"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=67616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=67616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=67616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}