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What Factors are Contributing to the Decrease in Ethereum (ETH) Price Today?


  • Ethereum (ETH) has experienced an 8.2% decline in price between Oct. 2 and Oct. 9.
  • Possible factors contributing to the price decrease are increased coin issuance, sales by Vitalik Buterin, and a disappointing performance of the futures-based exchange-traded fund (ETF).

Factors Contributing to the Price Decrease

1. Ether supply increase shatters the “ultrasound” theory

  • The Ethereum network underwent upgrades in 2022, resulting in changes to its coin issuance mechanism.
  • The new supply schedule, known as “ultrasound money,” aimed to decrease the total supply of ETH.
  • In September 2023, the coin issuance equation experienced an inversion, leading to an increase in the supply of ETH.
  • High fees and network congestion partially contributed to the decreased demand in transactions.

2. Vitalik and the Ethereum Foundation’s sale are bad optics

  • Data reveals that Vitalik Buterin has sold a significant amount of ETH in recent weeks.
  • The Ethereum Foundation has also made a sale, aligning with its regular requirements.
  • Speculation arises regarding the reasons behind the sales.

3. Dwindling demand for the ETH futures ETF

  • A crypto wallet address linked to the FTX exploiter has converted a significant amount of ETH into tBTC.
  • Converting ETH into a wrapped version of Bitcoin suggests anticipating higher returns.
  • Ether’s price trend against Bitcoin has been unfavorable in recent months.
  • The launch of Ethereum futures-based Ether ETFs on CME and CBOE had a weak start.


The recent decrease in Ethereum’s price is influenced by various factors, including increased coin issuance, sales by Vitalik Buterin and the Ethereum Foundation, and weaker-than-expected demand for the futures-based ETF.

Please note that this article is for informational purposes only and does not provide investment advice. Readers should conduct their own research before making any investment decisions.

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