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Ethereum Slips Toward $1,600 as a $121M Transfer Stokes Dump Fears Ethereum came under renewed pressure as the second-largest cryptocurrency tested a closely watched lower band, with a large wallet transfer reviving concerns that more selling could follow.
According to CoinDesk and CryptoSlate, ETH traded down into the roughly $1,500–$1,600 area, a level the outlets flagged as a focus for traders gauging near-term momentum.
The exact trading level at the time of writing is.
The reports tied the cautious mood in part to on-chain activity: a wallet linked to Joseph Lubin moved $121 million of ETH, a transfer the outlets said "ignited 'dump' fears" among market participants.
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