Wilcke’s move follows a similar step by another Ethereum insider, Vitalik Buterin, who sold roughly 17,196 ETH (~$34.96 million). However, the motivations differ: Buterin stated his proceeds will fund open-source software and hardware projects, while Wilcke has largely stepped back from active Ethereum development to focus on private gaming ventures.

“Round-Trip” Transactions and Market Interpretation

Blockchain analytics firm SpotOnChain noted that the ETH transferred to Kraken was previously withdrawn from the exchange roughly 10 months ago, aligning with one of Wilcke’s known primary wallets. At that time, ETH traded around $2,600. Analysts interpret this as assets being previously distributed for custody and now consolidated back to the exchange for potential sale. Despite the offloading, Wilcke still holds a significant on-chain position of 27,241 ETH, worth approximately $53.56 million.

Analyst Commentary: Ethereum at a Critical Reversal Zone

According to our analysts, Ethereum has reached a critical demand area, with $1,946 being a crucial level. A breach could push ETH back into a bearish structure.

Similar to Bitcoin, reversal requires observing specific breakouts. We will monitor 45-minute (45m) timeframes. Given it’s the weekend, caution is advised; structures bearish for months cannot turn bullish in a single day.

In these zones, buying should be considered only when reversal breakouts, rather than supports, occur. Downtrend markets can quickly lose support levels. To minimize losses, it is safer to act on small-timeframe breakouts, not just bouncing off supports.

ETH Price and Market Pressure

High-profile insider sales and technical risks continue to pressure ETH, which is currently trading around $1,944, struggling to maintain the psychological $2,000 support level. Experts also cite macroeconomic factors as contributing to the broader price decline. According to BeInCrypto, Ethereum has dropped 34% since the beginning of the year.

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The post Ethereum Co-Founder Transfers $157 Million ETH to Kraken appeared first on Coin Engineer.

Trend Holds for Now, But $2,550 Resistance Is Capping Gains

Currently, Ethereum is trading above its ascending trendline. However, the price is facing a strong resistance zone around $2,550.

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If this level is broken with meaningful volume, a short-term push toward $2,650 becomes a likely scenario. This move could bring renewed momentum to the market.

Losing the Trend Could Bring $2,360 Into Play

On the flip side, a breakdown below the trendline or the confirmation of a descending triangle formation could reverse the current outlook. In this case, the $2,360 area would act as the first key support.

In such indecisive market conditions, waiting for price confirmation before entering trades can be a safer strategy for investors.

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The post Ethereum Faces Key Resistance: Breakout or Breakdown Ahead? appeared first on Coin Engineer.

Breakout Fades, Profit-Taking Recommended

Ethereum did manage to breach a key resistance zone but has since fallen back, raising concerns of a re-entry into the previously broken range. For traders holding long positions, this could be a good opportunity to take profits and reduce exposure.

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With market uncertainty growing, the sustainability of the recent breakout is now in question. All eyes are on the next key level.

$2,650 Support Is Crucial — $2,500 Next If Lost

The $2,650 level remains a vital support zone for Ethereum. If this level fails to hold, the decline could deepen toward the $2,500 mark.

Traders should closely monitor daily closing candles and volume dynamics. A high-volume sell-off could accelerate the correction. Conversely, a strong bounce and stability above $2,850 would be needed to resume the bullish outlook.

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The post Ethereum Retreats After Resistance Break: Support in Focus Again appeared first on Coin Engineer.

If ETH breaks above this resistance zone, the next target could be around $1,745, especially if the breakout is supported by strong volume.

Trendline Break Could Trigger a Pullback

On the other hand, if the price breaks below the ascending trend support, the next strong support level lies around $1,560. If this level also fails to hold, eyes will shift to the previous swing low.

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Should that previous low be breached, it could confirm the resumption of a bearish trend, potentially leading ETH into a broader correction phase.

Technical Outlook and Strategy

At this point, ETH is in a consolidation zone, typically followed by sharp directional breakouts. Watching the breakout direction and volume confirmation will be key to making informed trading decisions.

Traders are advised to stay cautious and consider entering positions only after a confirmed breakout with adequate volume for higher probability setups.

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The post Ethereum Consolidates: Which Direction Will Break First? appeared first on Coin Engineer.

Support and Resistance Levels

The current situation of Ethereum (ETH) shows that the $1,745 level is critical. If this level is lost, ETH could fall to the $1,650 range. Therefore, it’s essential to be cautious and closely monitor market movements.

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Short-Term Outlook

In the short term, Ethereum (ETH) may continue to test the $1,745 level. If it holds this level, there is potential for a rise back to $1,800 and $1,820. However, if the $1,745 level is breached, a further decline towards $1,650 could occur.

ETH investors should closely watch the $1,745 level. A drop below this level could lead to a more significant decline. Technical indicators and overall market movements can provide a broader perspective, helping investors form their strategies.

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The post Ethereum Price Analysis: Critical Support Lost! appeared first on Coin Engineer.

Bitcoin Technical Analysis

Bitcoin (BTC) has gained 0.60% in the last 24 hours, reaching $87,940. After breaking the $86,600 resistance, it made a re-test and continued its upward movement. However, for the uptrend to continue, Bitcoin needs to close above $88,500. This level has been tested multiple times, but a strong breakout has yet to occur. If $88,500 is surpassed, Bitcoin could target $91,000, followed by $92,500 – $95,000 levels.

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On the downside, if $86,600 support is lost, Bitcoin may drop first to $85,000, and then to the $83,500 – $82,000 range.

Ethereum Technical Analysis

Ethereum (ETH) bounced from the $2,037 – $1,927 support range and tested the $2,108 resistance but faced rejection. It has now retraced back to the support zone. If $2,108 is broken, Ethereum could see a rapid move toward $2,200 – $2,300.

On the other hand, if $1,927 support fails, Ethereum may decline to $1,850, and eventually $1,800.

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The post Market Analysis: Bitcoin and Ethereum at Important Levels! appeared first on Coin Engineer.

Bitcoin Technical Analysis

One of the standout developments during this decline was Bitcoin losing the $86,641 support. After breaking this critical level, Bitcoin performed a retest move, then dropped towards the next support level—the bullish Fair Value Gap (FVG) area. Bitcoin has now completely filled this FVG zone and appears to have found temporary support. As of today, Bitcoin has recovered by 4%, climbing back to around $81,000.

However, uncertainty remains high. The most critical support level for Bitcoin lies within the lower bullish FVG zone. Specifically, the $73,468 support is seen as a crucial threshold for the coming days. Previously, breaking above this zone had triggered a rally that took Bitcoin all the way to $100,000. As a result, this area will be closely watched by market participants.

If Bitcoin loses the $73,468 level, the next potential downside target could be around $65,000. This zone acted as a significant support level before the last major rally and could once again attract buyers. However, a drop to these levels could also trigger another wave of selling pressure in the market.

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Ethereum Update

Alongside Bitcoin’s sharp movements, Ethereum (ETH) also suffered significant losses. As highlighted in previous analyses, losing the $2,037 – $1,927 support range pushed the price down to $1,700. Currently, Ethereum is trading around $1,921, trying to reclaim the $1,927 support.

A successful reclaim of this support level could lead Ethereum back above $2,000 in the short term. The $2,108 resistance level is the next key hurdle. If Ethereum breaks above this resistance, it may set its sights on $2,500 once again.

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The post Crypto Market Continues to Fall! Where is the Critical Bitcoin Support? appeared first on Coin Engineer.

Revolutionizing the Block Proposal System!

Published on March 1, the “Decentralized Random Block Proposal” introduces a Byzantine Fault Tolerance (BFT)-based algorithm to fully decentralize block building and accelerate transaction propagation across the network.

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While Ethereum’s Proof-of-Stake model and proposer-builder separation (PBS) have mitigated MEV concentration to some extent, block production has become more centralized.

Ethereum Foundation researcher Toni Wahrstätter reported that in early October, two block builders were responsible for 88.7% of Ethereum blocks. Although this number has dropped to around 80%, it remains a significant centralization concern.

How This Proposal Eliminates MEV!

According to Malik672, the new system would:

• Distribute block building across thousands of clients, eliminating central control.
• Prevent MEV-based manipulation, ensuring fair transaction processing.
• Restore Ethereum’s trustless and decentralized ethos.
• Reduce slot times from 12 seconds to 6-8 seconds.

This proposal aligns with Ethereum developers’ decision on February 13 to accelerate the network’s upgrade cadence for a more efficient technical roadmap.

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The post Ethereum Researcher Proposes Solution to Fix Centralization Issues! appeared first on Coin Engineer.