Ethereum has a difficult job staying above $1,500 after a major sale by founder Vitalik Buterin has the price slipping below vital support.
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Tim Hakki
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Tim Hakki
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Ethereum faces imminent risk of collapse to $1,475 after co-founder Vitalik Buterin executed a massive sell-off of nearly 9,000 ETH this week.
The high-profile wallet activity coincides with a broader technical breakdown, as the asset struggles to maintain support above $1,850 amidst rising sell volume and widespread market de-risking.
Vitalik Buterin sold roughly 9,000 ETH, leaving a supply overhang of over 7,350 ETH in the updated wallet balance.
Ethereum has officially entered a bear pennant breakdown, technically targeting a slide to $1,475 by early March.
The sell-off aligns with a broader market retreat, significantly threatening the psychological $1,500 support level.
Why Is Founder Selling Triggering Alarm?.
The market’s sharp reaction stems from both the volume of the sale and historical precedent. Founder-led selling often acts as a bearish signal for retail traders, and previous sales by Buterin have preceded price declines of almost 23%.
With roughly 7,350 ETH still remaining in the wallet, traders fear a continued supply overhang could suppress price action throughout the week.
This localized selling pressure compounds macro headwinds. Broad market sentiment has already shifted due to nervousness surrounding tariffs, which recently caused a de-risking event across major altcoins.
While long-term institutional holders like Consensys maintain significant treasuries, the immediate liquidity shock from a founder sale creates a tangible drag on short-term momentum.
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Technical Breakdown Points to $1,475 Bottom.
The price action on the charts confirms the bearish narrative. Ethereum has entered the “breakdown phase” of a prevailing bear pennant pattern.
Early on Monday UTC, ETH dropped approximately 5.60% in 24 hours to hover near $1,850, slicing through the pennant’s...
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