Etheruem Founder, Vitalik Buterin’s Latest Transactions, October 5, 2024 | Source: SpotonChain
But Mr Buterin’s actions appear to have broader motives. Immediately after selling these meme coins, Buterin donated 100 ETH to support the “Free Alexey & Roman” campaign to raise funds for the legal defense of TornadoCash developers Alexey Pertsev and Roman Storm. (approximately $242,000 worth).
This public gesture of solidarity highlights Buterin’s continued support for decentralized privacy solutions.
Buterin’s latest sale comes just a week after another wallet linked to him deposited 649 ETH (approximately $1.72 million) into Paxos on September 29. Over the past 11 days, the same wallet had deposited a total of 1,473 ETH (approximately $3.8 million) into Paxos. , indicating the potential for strategic reallocation of assets.
Ethereum’s recent 6.88% rally following the release of the NFP data caught the attention of investors, with the price jumping from $2,309 to $2,414. According to past patterns, October often brings favorable price movements for the cryptocurrency market, and many expect the upward trajectory to continue.
Ethereum Price Analysis: $2,400 Bounce Could Cause Further Rise
Currently, ETH is consolidating above the $2,400 level, which is a key point that could lead to an even bigger rally in the coming days.
First, Bollinger Bands are a volatility indicator that shows ETH trading near the $2,257 lower band, suggesting the asset is approaching oversold territory. A rebound from this area could push the price towards the next resistance level, the $2,517 midline. If ETH breaks above this, the $2,776 upper band could come into play and provide stronger resistance.
