Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Remixpoint to buy $7m more in Bitcoin, raising crypto holdings to $84m

12/07/2025

Pro-XRP Attorney Deaton Rejects Refunds, Fights for Fair Payouts

12/07/2025

Malta’s MFSA Partially Meets Expectations in MiCA Authorization Process for OKX and Other CASPs

12/07/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Remixpoint to buy $7m more in Bitcoin, raising crypto holdings to $84m

    12/07/2025

    While Bitcoin is at $110,000 Levels, Industry Experts Make Bitcoin Price Predictions! Here Are 9 Experts’ BTC Price Predictions

    12/07/2025

    Historic Speech Expected! Here is the Participant List!

    12/07/2025

    CryptoQuant Analyst Announces Record Prediction for Bitcoin in 16 Days! “But, First Rally, Then Fall!”

    12/07/2025

    Massive Binance Whales’ Ethereum (ETH) Accumulation: Is Supply Shock Incoming?

    11/07/2025

    Ethereum (ETH) Price Prediction for July 8

    11/07/2025

    Ethereum Whale Moves Signal Price Surge Incoming – Will ETH Hit $3,000 Soon?

    11/07/2025

    It’s Time for Ethereum (ETH), Which Lags Behind Bitcoin, to Explode! Analyst Points to This Week!

    11/07/2025

    They Unstaked $40 Million Worth of Tokens

    12/07/2025

    Goblintown Heads to the Trenches With Solana Meme Coin Launch

    12/07/2025

    Grok Glitch Inspires Wave of ‘MechaHitler’ Meme Coins

    12/07/2025

    Eigen Labs Sends Home 25% of Its Employees to Focus on a16z-backed EigenCloud

    12/07/2025

    Volume Plunges While Transactions Soar

    11/07/2025

    Snoop Dogg’s TON NFT Launch Could Signal New Narrative for NFT Market

    10/07/2025

    Snoop Dogg’s Telegram NFT Drop Sold Out in Half an Hour

    10/07/2025

    Why a ‘Mobile-First’ Mentality Drove OpenSea’s Latest Acquisition

    09/07/2025

    Remixpoint to buy $7m more in Bitcoin, raising crypto holdings to $84m

    12/07/2025

    Pro-XRP Attorney Deaton Rejects Refunds, Fights for Fair Payouts

    12/07/2025

    Malta’s MFSA Partially Meets Expectations in MiCA Authorization Process for OKX and Other CASPs

    12/07/2025

    Crypto.com and Emirates Announce Major Airline Payments Deal

    12/07/2025
  • Blockchain

    Nansen Becomes Official Validator Platform for Caldera Ecosystem 

    12/07/2025

    MAP Protocol Unleashes Revolutionary Omnichain Swaps for Bitcoin and Beyond

    12/07/2025

    Tether to Wind Down USD₮ Support for Five Legacy Blockchains as Part of Strategic Infrastructure Review

    12/07/2025

    Endless Protocol Teams Up with REI Network to Accelerate Web3 Development

    12/07/2025

    BitVM3 promises cheaper Bitcoin bridges — but not yet

    12/07/2025
  • DeFi

    Plume Launches SkyLink on TRON to Enable Real-World Asset Yields

    11/07/2025

    EUL Hits New All-Time High Led by Protocol Growth

    11/07/2025

    AscendEX Forges Partnership with M3 DAO to Bridge Real-World Finance and Web3

    11/07/2025

    Aave Outperforms DeFi Sector with 52% TVL Surge in Q2

    11/07/2025

    Bitcoin Exchange Bithumb Shares New Listing Announcement! Here’s the Listed Altcoin

    11/07/2025
  • Metaverse

    Elon Musk’s xAI Quietly Fixed Grok by Deleting a Line of Code

    09/07/2025

    Bonk.fun Grabs 55% of Solana Token Issuance Share, Pushes BONK Demand

    08/07/2025

    Apple’s Top AI Exec Leaves For Meta Amid Aggressive Hiring Trend

    08/07/2025

    Automobili Lamborghini Unveils Digital Temerario and GT3 NFTs in Wilder World

    07/07/2025

    Microsoft’s AI Diagnoses Like House, Bills Like Costco

    02/07/2025
  • Regulation

    Pro-XRP Attorney Deaton Rejects Refunds, Fights for Fair Payouts

    12/07/2025

    Strategy joins Russell Top 200 Value Index with $64b BTC on the books

    12/07/2025

    Hong Kong’s Upcoming Stablecoin Rules to Shake Up US Dollar Dominance, Deter Bigger Players

    12/07/2025

    Why Spanish Vanadi Coffee’s $1.1B Bitcoin Bet Will ‘Likely Fail’

    12/07/2025

    World Liberty Financial has a mobile app ‘in the works’

    12/07/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Crypto.com and Emirates Announce Major Airline Payments Deal

    12/07/2025

    Pump.fun Token Sale Set for July 12, Not Open to European Traders: ByBit

    12/07/2025

    Chinese Creditors Launch Fierce Opposition to Delay Tactics

    12/07/2025

    Circle and OKX launch zero-fee 1:1 USDC-to-USD conversions

    12/07/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    The Real Lifestyle and WILDGO Partner to Transform Tokenized Real Estate

    12/07/2025

    Blazpay and Onmi AR Unite to Elevate Web3 Gaming Experience

    10/07/2025

    Floki’s Valhalla Surpasses 100K Veras Minted Within Days of Launch

    09/07/2025

    Gear Runner Integrates with Meta Arena to Deliver Gamified Real-World Activity and Move to Earn for GameFi Fans

    09/07/2025

    CoreWeave Fusion Dance, $1 Billion Day for Bitcoin ETFs and Strategy’s Bye Week

    12/07/2025

    Russia elevates AI over Bitcoin with impending ban on data center mining

    11/07/2025

    BIT Mining Stock Soars After Bitcoin, Dogecoin Miner Reveals $300 Million Solana Pivot

    11/07/2025

    Shareholders push back against high pay for public Bitcoin miner execs after record equity grants

    11/07/2025

    Malta’s MFSA Partially Meets Expectations in MiCA Authorization Process for OKX and Other CASPs

    12/07/2025

    IMF Opposes Power Subsidies for Crypto Mining Amid Grid Concerns

    12/07/2025

    Another Appointment from the US to Rejoice the Cryptocurrency World – Appointed to a Critical Position

    12/07/2025

    Trump is close to his first major crypto policy win

    12/07/2025

    Remixpoint to buy $7m more in Bitcoin, raising crypto holdings to $84m

    12/07/2025

    Pro-XRP Attorney Deaton Rejects Refunds, Fights for Fair Payouts

    12/07/2025

    Malta’s MFSA Partially Meets Expectations in MiCA Authorization Process for OKX and Other CASPs

    12/07/2025

    Crypto.com and Emirates Announce Major Airline Payments Deal

    12/07/2025
  • MarketCap
NBTC News
Home»Ethereum»Here’s Why The Ethereum Price Fell Toward $1,500
Ethereum

Here’s Why The Ethereum Price Fell Toward $1,500

NBTCBy NBTC10/10/2023No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


The price of Ethereum has experienced a notable decline following a major Ether sale this week. The unexpected decrease has left the crypto community anxious about the stability of the world’s second-largest cryptocurrency and the long-term effects of the decline. 

Ethereum Price Drops After Large-Scale Ether Swap

On Monday, October 9, the price of Ethereum declined following an extensive Ether swap by the Ethereum Foundation, a non-profit community-run organization dedicated to enabling better human coordination. 

The Ether transaction which took place on Uniswap, a decentralized crypto exchange platform, saw the ETH price drop 5% from its daily high of $1,635 to a local low of $1,553 before recovering once more.

According to Arkham data, the Ethereum Foundation swapped approximately 1,700 ETH worth $2.7 million to a single wallet address which contained almost $400,000 worth of cryptocurrencies and was titled ‘Grant Provider’ by Etherscan.

The specific intentions behind the large-scale swap have not been disclosed by the Ethereum Foundation. However, the Ethereum Foundation, an organization that holds a considerable influential position, regularly swaps large amounts of tokens to fund its operations. 

Presently, Ethereum is trading at a price value of 1589.36 after recovering from the initial decline. The steep decline has left the crypto community worried about the health of the cryptocurrency and whether the price of Ethereum would recover. 

ETH price recovers after 5% decline | Source: ETHUSD on Tradingview.com

ETH Whales Dump $8.5 Billion

The Ethereum Foundation has not been the only large wallet to sell in recent times as other ETH whales have taken advantage of the altcoin’s price. According to crypto analyst Ali Charts on X, ETH whales dumped a whopping $8.5 billion worth of tokens.

This large selling started in February this year and has continued into October. As a result, the whale selling has seen over 5 million ETH sold and redistributed over this 8-month period. The analyst also points out that “this selling trend continues with no current indication of a shift towards #ETH accumulation yet.”

Ethereum price whales

ETH whales dump 5 million tokens | Source: X

Compared to its all-time high of $4891.70 in 2021, the price of ETH has dropped by more than half and has been struggling to reclaim the $2,000 mark. However, this could present a unique buying opportunity for investors who could see the price decline as ETH being on discount. 

Nevertheless, Ethereum continues to hold its position as the second-largest cryptocurrency in the market with a market cap of $191.5 billion at the time of writing. Over the last day, the altcoin has also seen some recovery, rising to $1,593 as bulls gear up to retest the $1,600 resistance.

Featured image from Techopedia, chart from Tradingview.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Massive Binance Whales’ Ethereum (ETH) Accumulation: Is Supply Shock Incoming?

11/07/2025

Ethereum (ETH) Price Prediction for July 8

11/07/2025

Ethereum Whale Moves Signal Price Surge Incoming – Will ETH Hit $3,000 Soon?

11/07/2025

It’s Time for Ethereum (ETH), Which Lags Behind Bitcoin, to Explode! Analyst Points to This Week!

11/07/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Remixpoint to buy $7m more in Bitcoin, raising crypto holdings to $84m

12/07/2025

Pro-XRP Attorney Deaton Rejects Refunds, Fights for Fair Payouts

12/07/2025

Malta’s MFSA Partially Meets Expectations in MiCA Authorization Process for OKX and Other CASPs

12/07/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.