Ethereum co-founder Vitalik Buterin has been making some notable moves in the cryptocurrency market with his recent big ETH sales. While strategic investors are buying Ethereum as an opportunity, Buterin has introduced an innovative framework to make the Ethereum ecosystem more decentralized. Here’s an update on Vitalik Buterin’s recent sales and decentralization goals.

According to on-chain data, Vitalik Buterin has sold around 1,300 ETH to crypto exchange Paxos via various transfers over the past 10 days. These sales came despite a surge in Ethereum prices, marking a significant shift in Buterin’s financial strategy. This has created selling pressure on ETH, with the price of Ethereum falling 2% in the past 24 hours to $2,626.78, while its market cap has fallen to $316 billion. However, contrary to Buterin’s approach, some smart investors are taking advantage of market declines to buy Ethereum. One prominent whale recently bought over 10,000 ETH, totaling $26.8 million. This whale has been making significant gains through swing trading since August 12, underscoring his bullish outlook on Ethereum.

Ethereum Alignment Framework$ETH

Vitalik Buterin has introduced a new framework called “Ethereum Alignment.” This initiative aims to create a more balanced and decentralized Ethereum ecosystem. The framework emphasizes the importance of reducing centralization and increasing transparency across the network. Buterin’s vision includes bringing together researchers, developers, and customer teams to create a unified and robust decentralized environment. The Ethereum Alignment framework could have profound implications for the future of the Ethereum network. The initiative aims to reduce the risks associated with centralization and support projects that provide public goods; it aims to increase the security and reliability of the network by emphasizing open source principles.

Market Reaction and ETH Price Analysis

Despite these positive developments, the market has remained cautious. After a brief period of strength, Ethereum has corrected by 1.34% in the last 24 hours. Popular crypto analysts say that Ethereum has yet to reach a higher high. It is stated that Ethereum needs to break the $2,800 level, which corresponds to the 200-day EMA, in order to achieve the same success that Bitcoin achieved last week.