{"id":6359,"date":"2026-02-05T12:15:48","date_gmt":"2026-02-05T12:15:48","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=6359"},"modified":"2026-02-05T12:15:48","modified_gmt":"2026-02-05T12:15:48","slug":"ethereum-price-slips-further-as-vitalik-buterin-dumps-6-6m-eth","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=6359","title":{"rendered":"Ethereum price slips further as Vitalik Buterin dumps $6.6M ETH"},"content":{"rendered":"<p><\/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\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/02\/ChatGPT-Image-Feb-5-2026-05_12_02-PM.png\" alt=\"Ethereum coin displayed in front of a trading monitor showing a downward market trend, with crypto wallets and coins symbolising transfers during a price decline.\" width=\"100%\" height=\"100%\"\/>\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 fetchpriority=\"high\" 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: TradingView<\/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\/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 broader crypto market weakness.<\/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>Analysts like CoinLore 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>Analysis,Markets,Ether#Ethereum #price #slips #Vitalik #Buterin #dumps #6.6M #ETH1770293748<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 to face a significant pullback. The price of ETH has dropped to $2,098.91, down<\/p>\n","protected":false},"author":1,"featured_media":6360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-6359","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum price slips further as Vitalik Buterin dumps $6.6M ETH - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Ethereum falls to $2,127 as Vitalik Buterin sells $6.6M ETH; key support at $2,007 and resistance at $2,133 could guide price moves.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=6359\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum price slips further as Vitalik Buterin dumps $6.6M ETH\" \/>\n<meta property=\"og:description\" content=\"Ethereum falls to $2,127 as Vitalik Buterin sells $6.6M ETH; 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