Vitalik Buterins Meow at Robot Sparks Crypto Speculation Amid Ethers Price Decline
- A video of Buterin meowing at a robot has gone viral, sparking speculation.
- Crypto figures link the video to Ethereum market struggles, with ETH down 55% from its 2024 peak.
Ethereum co-founder Vitalik Buterin has once again caught the crypto communitys attention. A viral video shows him kneeling in front of a four-legged robot and letting out what sounds like a meow. The short clip has triggered a wave of speculation about its impact on Ethereum and Ethers price.
Crypto influencer Wendy O commented that Ethereums future depends on Buterins actions. Phil Fogel, co-founder of Cork Protocol, noted that much of his net worth relies on Buterin, yet he remains optimistic. Pseudonymous trader Scott Crypto Warrior shared the clip, urging followers to pray for their Ether holdings.
Many traders linked the video to Ethers declining market position. The token is down nearly 55% from its December 2024 high of over $4,000. As of publication, Ether trades at $1,841, reflecting a 13.34% drop over the past month. Crypto trader Alex Becker sees the dip as a buying opportunity, believing ETH will generate long-term profits.
The incident follows Buterins history of quirky public appearances. At Token2049 in Singapore last year, he sang on stage, drawing mixed reactions. Rapper Iggy Azalea later mocked his performance, calling it losers.
Ethereum (ETH) in Todays Market
Ethereum (ETH) is currently trading at $1,829.91, a 0.93% drop in the last 24 hours. The market capitalization stands at $220.78 billion, reflecting a decrease of 0.93%. Trading volume has seen a significant decline, dropping by 27.37% to $9.79 billion in the past 24 hours.
Looking at the technical indicators on TradingView, Ethereum is currently in a crucial phase. Based on the 4-hour chart, Ethereum faces resistance at the $1,850 level. If this resistance breaks, the price could move towards the next resistance zone, around $1,880. Conversely, support is found at $1,800, and if Ethereum drops below this level, the price could test the lower range of $1,750.
The Relative Strength Index (RSI) is at 25.71, signaling that Ethereum is in oversold territory. The RSI average is near the 25.75 mark, suggesting that the asset is currently weak in terms of buying pressure. Should the price rise, RSI could cross above 30, indicating a potential reversal.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
