On the night of September 20, the price of Ethereum in bitcoins fell to 0.06023 BTC, according to TradingView. This is a new low for July 2022.
At the time of writing, the price is trying to gain a foothold at 0.06030 BTC, according to TradingView:
Downward trend in exchange rate ETH arose back in September 2022. At the same time, the Ethereum network switched to the Proof-of-Stake concept.
The drop in price occurred against the backdrop of an influx of Ethereum to centralized exchanges. Earlier it became known that an unknown whale transferred 30,000 ETH to three platforms for a total amount of $50 million.
Another 300 ETH (about $490,000) listed Ethereum co-founder Vitalik Buterin. Despite the fact that the amount is small compared to the previous one, his transaction caused a stir in the community.
Also September 18, 2023 came out of hibernation the address that took part in the ICO of the blockchain. Another 6,000 ETH was transferred from it—almost $10 million.
Founder of the Into The Cryptoverse project Benjamin Coeun commented the current position of the price curve. He believes that the Ethereum rate may fall even lower in the near future.
Source: Cryptocurrency
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