Ethereum Price Today: Vitalik Buterin Spells Doom For Ethereum Pulling The Price Of ETH Down

As the extended cryptocurrency winter gradually comes to an end, cryptocurrency news has been mixed with the good, the bad and the ugly. Ethereum price prediction 2019 has been mainly positive since the price of ETH started recovering earlier in the year. Ethereum price today is green. However, it is important to note that the price of ETH took a deep yesterday after Ethereum’s Vitalik Buterin had a rather controversial interview.

Ethereum Price Today: Ethereum’s Vitalik Buterin Talks About Ethereum Price Prediction 2019

During an interview that has now sparked up controversy on social media, Ethereum’s Vitalik Buterin said that ETH is not meeting up in the broader market. He said that if things don’t improve soon, the Ethereum price prediction 2019 will change and the cryptocurrency will lose a chunk of its market capitalization to competitors. In fact, he said that this is “unavoidable and inevitable”.

Ethereum (ETH) Price Today – BTC / USD

Name Price24H (%)
Ethereum (ETH)
$209.40
3.35%

The cryptocurrency market is still at its early stages. This is why comments from well-known figures like Ethereum’s Vitalik Buterin can contribute to price actions by encouraging fear, uncertainty, and doubt. It can also increase investor optimism and boost the price of a token. Following the comments Buterin made yesterday, the price of Ethereum took a deep and dragged the entire market down as well. This is because Buterin’s comments ignited skepticism in traders.

The price of ETH quickly moved lower to the $132 level. At the same time, BTC moved below the support at $4000 trading as low as $3,920. At the end of trading yesterday, almost every major cryptocurrency was trading lower against the USD.

Ethereum Price Today: Ethereum Price Prediction 2019

At the beginning of the week, Ethereum (ETH) was trading at $138.50 while Bitcoin (BTC) was trading at $4040. Most top cryptocurrencies started the week moving higher against the USD. However, things started to change as the price of BTC touched $3980 and ETH touched $133.70. After a while, the prices recovered before Buterin’s comments and some other factors dragged them down again.

While it’s not always easy to determine the catalysts behind the Ethereum price prediction 2019, or the Ethereum price action at a given time, yesterday’s move was a bit obvious. Ethereum established new support at $127.42 after moving lower against the USD. The good thing is that the Ethereum price today has bounced back.

At the time of writing, ETH was trading at $138.94. This means that it is up by 1.19% against the USD and up by 0.91% against BTC. The trading volume over a 24 hour period is $4,481,710,923 and the market capitalization is $14,637,403,674.

Yesterday, smartereum.com posted an article about Buterin’s Ethereum holdings. He still holds a significant amount of ETH in his main wallet. So, the fact that he is being honest about the future of Ethereum doesn’t mean he is jumping ship. It means he is being realistic. It must have taken a lot of courage for him to publicly admit that Ethereum may lose its place and its market share to competitors. Notwithstanding, this still affected the sentiment of traders in the market.

What do you think about Vitalik Buterin’s comments about Ethereum and how it has affected the Ethereum price today? Share your thoughts in the comment section.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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