Why Is Vitalik Buterin Selling His Ethereum (ETH) So Agressively? Unclear Picture

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Worst timing possible Ethereum ready to dive Advertisement High-profile on-chain activity connected to Ethereum Cofounder Vitalik Buterin seems to be the most recent catalyst for the severe selling pressure that Ethereum is currently experiencing. Blockchain tracking data indicates that over the past three days wallets linked to Buterin have bought and sold about 2,961.5 ETH, or roughly $6.6 million, at an average execution price of about $2,228. Worst timing possible The timing of this activity is critical for Ethereum's price structure. ETH has already lost important support zones on the daily chart, which were once strong consolidation areas around $2,800 and $2,700. One of the biggest sell-offs since mid-2025 occurred as a result of the most recent breakdown, which drove the price quickly toward the $2,100-2,200 range. Sellers, not passive holders, are driving the current price action, as evidenced by the volume spike during the decline. ETH/USDT Chart by TradingView Technically speaking, Ethereum is currently trading well below major moving averages, and all short- and midterm trend indicators are pointing downward. Even though the RSI readings have reached extremely oversold levels, the price is still having trouble holding rebounds. When traders are still taking risks, oversold conditions are insufficient to halt momentum, which makes the psychological $2,000 level the crucial battleground. HOT Stories Mark Dow: I Want Bitcoin to Go to Zero Crypto Market Prediction: Will XRP Break Bullish Trap? Shiba Inu's (SHIB) 3 Bullish Targets, Ethereum's (ETH) 300-Day Record Broken Ethereum ready to dive Ethereum may easily fall below this barrier if selling pressure continues and overall cryptocurrency sentiment remains subdued. The price might move toward deeper support zones created in early 2025 if there were a break below $2,000, which would probably lead to more liquidations and panic-selling. Advertisement You Might Also Like Thu, 02/05/2026 - 00:01 Crypto Market Prediction: Will XRP Break Bullish Trap? Shiba Inu's (SHIB) 3 Bullish Targets, Ethereum's (ETH) 300-Day Record Broken By Arman Shirinyan Notably, though significant wallet movements do not always indicate bearish intent, funding for ecosystems, donations, operational costs and protocol development are all common examples of transfers. However, markets respond to perception, and significant ETH withdrawals from well-known individuals invariably increase trader anxiety. The upcoming sessions will be important for investors, and in order to prevent further structural damage, Ethereum needs to stabilize above $2,000. Failure to do so could cause the story to change from one of correction to a protracted bear phase, with recovery taking far longer than bulls had anticipated. Advertisement #Ethereum