Ethereum News: Vitalik Buterin’s Viral Video Sparks Diverse Reactions but No Clear Impact on Price Outlook

In an unexpected turn of events, a viral video featuring Ethereum co-founder Vitalik Buterin has sparked a range of reactions within the cryptocurrency community. While some saw the clip as a cause for concern, others viewed it as a positive sign for Ethereum’s future. However, the incident appears to have had little impact on the cryptocurrency’s price outlook.

Vitalik Buterin’s Viral Video Sparks Mixed Reactions in Crypto Community

A brief clip of Ethereum co-founder Vitalik Buterin went viral after he was seen kneeling before a robot and emitting a ’meow’ sound. The video received mixed reactions from the crypto community on X.com, with some commentators calling it ’sad’ and using expletives, while others saw it as a reason to be more ’bullish’ about Ethereum’s present and future. Most people, however, simply kept scrolling. The incident highlights the diverse opinions and reactions within the crypto community, which is rarely known for decorum.

Massive Liquidation Risk On Ethereum, Whales Are Shaking

The price of Ethereum has fallen below $1,900, marking a 6% decline from last week. This significant drop has endangered several crucial positions on MakerDAO, with over $238 million potentially at risk of liquidation. Recently, Ethereum’s price fluctuations have placed several major investors in a vulnerable position, particularly two whales on the MakerDAO protocol who are at risk of forced liquidations. According to Lookonchain data, a combined total of 125,603 ETH, worth approximately $238 million, could be liquidated if critical thresholds are breached.

Ethereum Struggles at $1,842—Is a 171% Surge Still Possible?

Ethereum has reached a critical juncture, hovering at $1,842.5 after a 2.12% dip in the past 24 hours. The cryptocurrency is struggling to maintain stability after failing to break past the $2,160 resistance level. This rejection has reinforced negative sentiment among traders, raising concerns about further declines. Analyst CryptoELITES points to Ethereum’s repeated tests of a long-term ascending trendline as a sign of potential trend reversal, projecting ETH to hit $5,000 by April-May. However, bearish signals persist as the Relative Strength Index (RSI) weakens, the Moving Average Convergence Divergence (MACD) turns negative, and support at $1,523 is critical.

Ethereum Loses Important Support - ETH Price at Risk of Dropping to $1500

The crypto markets have experienced a significant pullback, erasing over $200 billion in value. Ethereum has been hit harder than Bitcoin in February and this trend is expected to continue in March. The ETH price has dropped below a crucial support line that has held strong for years, flashing bearish signals. If bulls fail to defend these support levels, the ETH price could fall to $1500.