Ethereum Faces Brief Correction After Recent Rally Above $2400

Ethereum Faces Brief Correction After Recent Rally Above $2400

At the time of writing, ETH is trading at $2367, down 1.41% in the last 24 hours.
If the price manages to go below $2322 level then it will likely test $2270 support level.
Vitalik Buterin, co-founder of Ethereum, has shared his year-end reflections on the network and returning it to its cypherpunk origins. Reminiscent of Ethereum’s “cypherpunk” roots, the December 28 blog post restated the cryptocurrency’s fundamental principles.
Bitcoin and Ethereum had lofty aspirations in their infancy, with the goal of creating a decentralized, open, and censorship-proof economy and internet.
Buterin criticized the fact that, as transaction fees increased, apps centered on payments and speculation became more prevalent, and that this vision gradually disappeared. He went on to say that “degen gamblers” are becoming more common in society.
The cypherpunk is a social movement that supports the use of technology to fight against corporate and governmental oppression, increase privacy, and

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