Ethereum hits ‘fantastic buy' zone; Here's what to know

With the majority of the cryptocurrency sector trending sideways, Ethereum (ETH), as its second-largest asset, is no exception, currently changing hands around $1,660, but indicators suggest that its bottom is likely behind us, with a possible upside in the near future.

Timeline of Ethereum

Ethereum's founder Vitalik Buterin has transferred 600 ETH, worth $1 million, to Coinbase, as reported by Etherscan. This move has quickly caught the crypto community's attention and sparked speculation that it would trigger a pullback in Ethereum's price.

After weeks of consolidation below a significant resistance level, Ethereum's price has finally demonstrated a large move to the downside. While there are still many support levels available, things are not looking good for ETH.

The self-proclaimed “Dogecoin (CRYPTO: DOGE) killer,” Shiba Inu (CRYPTO: SHIB), experienced an 850% surge in its burn rate within the span of just 24 hours. What Happened: Data obtained from Shibburn reveals that over 1 billion SHIB tokens were permanently removed from circulation during this period.

Elon Musks recent acquisition, the platform formerly known as Twitter, now named X, has been under the lens of Ethereums co-founder, Vitalik Buterin. In a fresh analysis posted on August 16, Buterin delved deep into Xs Community Notes tool, likening it to cryptographic principles found in todays digital age.

The U.S. Securities and Exchange Commission (SEC) is expected to give a concurrent nod to several applications for Ether futures exchange-traded funds (ETFs), according to recent reports by the Wall Street Journal. These reports draw from insiders familiar with ongoing developments.

Vitalik Buterin, the co-founder of Ethereum, made headlines recently with a significant transaction, transferring 600 ether (ETH) valued at around $1 million to the renowned cryptocurrency exchange, Coinbase. This transaction, documented on Monday, can be tracked through the Ethereum blockchain scanning tool, etherscan.

Ethereum (ETH) layer-2s are continuing to establish themselves as bright spots on the crypto landscape despite a lengthy bear market, analytics firm IntoTheBlock reports. In a new article, IntoTheBlock takes a look at the hottest Ethereum layer-2s, including Optimism (OP), Arbitrum (ARB) and Base.

Ethereum (ETH) founder Vitalik Buterin has been spotted sending hundreds of ETH to a major US-based digital asset exchange. According to Ethereum blockchain tracker Etherscan, a wallet owned by Buterin shifted 600 ETH worth over $1 million to Coinbase, where it could potentially be sold on the open market.

The Federal Bureau of Investigation (FBI) has disclosed that it had seized cryptocurrencies valued at approximately $1.7 million between March and July of the current year. According to the official document, "The Federal Bureau of Investigation gives notice that property listed was seized for federal forfeiture for violation of federal law.

Ethereum (CRYPTO: ETH) co-founder, Vitalik Buterin, has been presented with Taiwan's esteemed Employment Gold Card during his recent visit to the country. This accolade, a testament to Buterin's contributions to the digital and crypto realms, grants him the privilege to travel in and out of Taiwan with greater ease for the next three years, the country's local media outlet reported.