Vitalik Buterin Sells Gifted Tokens

Ethereum co-founder Vitalik Buterin presses on with dumping gifted tokens, offloading 231 ETH valued at $529K and 114,566 USDC so far, per on-chain data from address 0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045. This move echoes his pattern over the last six months, where similar sales have barely dented broader crypto market trends, even as Bitcoin (BTC) surges toward new highs.

On the 4-hour ETH chart, price action clings to a bullish structure with the token hovering at $2299.6, just above the EMA50 support at $2298.76 and well clear of the EMA200 at $2253.59, signaling firm long-term backing from institutional buyers. MACD flashes a golden cross despite the -1.94 reading, underscoring building momentum, while RSI at 52.85 stays neutral—avoiding overbought pitfalls that plagued last quarter's rallies. Volatility squeezes inside the Bollinger Bands, with upper resistance at $2333.9 capping upside and lower support at $2229.99 offering a cushion; expect a probe toward that upper band before any retracement, aligning with ETH price prediction models eyeing $2500 if Bitcoin correlation holds amid ongoing crypto market crash fears.