ETH Near $1,800 After Vitalik Dumps $2.4M

 Key Insights:

• Ethereum trades near $1,800 after continued selling pressure and weak market momentum signals.
• Vitalik Buterin sold $2.4 million worth of ETH during recent price decline.
• Technical charts show limited buyer support with resistance forming near the $2,100 level.

Ethereum was trading close to the $1,800 level after several days of losses. At the time of writing, ETH was priced at $1,826.22. The asset is down 4.85% in the past 24 hours and 7.54% over the last seven days. Trading volume over the same period has reached $26.66 billion.

Price charts show that ETH broke below the $2,600–$2,800 range and continued forming lower highs and lower lows. The move brought price back into a prior demand zone near $1,800. Traders are watching this area to see whether support will hold.

Vitalik Buterin Sells $2.4 Million in ETH

Vitalik Buterin has sold about $2,467,000 worth of ETH, according to blockchain data. The sale took place as ETH traded near the $1,800 level. The transaction drew attention due to the current market decline.

There has been no public comment explaining the reason for the sale. Large transactions linked to well-known figures often attract market focus, especially during periods of falling prices.

Technical Charts Show Weak Buyer Activity

Recent daily candles show limited buying pressure around $1,800. The price has not produced a strong rebound from this level. One market observer said that “buyers aren’t stepping in yet,” pointing to the risk of a further drop.

If ETH falls below $1,800, support may be found between $1,700 and $1,650. Another support area sits near $1,550. On the upside, $2,100 now acts as resistance after serving as support earlier.

3-Day Chart Signals Possible Divergence

On the 3-day chart, momentum indicators show early signs of divergence. Price has recorded a lower low, while the oscillator has formed a higher low. 

One analyst said 

 “has the potential to now print a bullish 3-day divergence.”

Source: Lourenço VS/X

Past chart patterns of this type have appeared during periods of price stabilization. A sustained move above nearby resistance would be needed to confirm a shift in momentum. For now, ETH remains in a broader downward trend while trading near $1,800.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.