Sep 21, 2023

Earlier this week, the ether-to-bitcoin ratio dropped to a 14-month low as large token holders, including Ethereum co-founder Vitalik Buterin, moved coins to crypto exchanges, possibly as a prelude to selling.

Video transcript

The chart of the day is brought to you by crypto dot com. The world's fastest growing crypto app. Let's take a look at the chart of the day. Earlier this week, the Ether to Bitcoin ratio dropped to a 14 month low as large token holders including Ethereum co founder, Vital Butter moved coins to crypto exchanges. This could suggest a prelude to selling this trading view. Chart shows that E to BC ratio dipped near 0.0602 on Tuesday. Its since July continuing a trend that began more than a year ago that confirms some bearish forecasts from analysts for the second largest Cryptocurrency by market cap. This comes as some prominent investors also known as Wales have recently deposited a total of $60 million worth of East to crypto exchanges, raising alarms about further declines in prices. Most recently, Ether co-founder of Vital Butter and transferred 300 E worth roughly $493,000 to crack in on Tuesday. That's according to Peck shield data. Ether is currently changing hands around $1600. It's at 15 83 there. That is a wrap for today's chart of the day. I'm Jen Senai. We'll see you next time to unpack more of the data behind top news stories.

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