Vitalik’s Big Sell-Off: ETH Bottom or Just Another Panic Move?

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Ah, Ethereum. Remember that brief moment last summer when it almost touched $5,000? A fleeting dream, wasn’t it? Fast forward a few months, and the market has taken ETH on a wild ride, dumping it by nearly 50%. But who’s counting, right? ETH thought it might rally again in mid-January, reaching $3,400, only to be swiftly rejected-like an awkward first date. And, of course, the downward spiral continued, with the price plummeting to $1,800 a few times, as if it were a game of financial limbo.

And now? Well, it’s still clinging to that $1,800 level, as if it were the last lifeboat on the Titanic. But don’t get too excited-it’s still sitting about 45% below its January peak. While the sell-offs march on like a never-ending parade, one ever-optimistic analyst has taken it upon himself to highlight potential buy points, because why not gamble with your money, right?

Sell-Offs Continue: A Masterclass in Investor Panic

Let’s take a stroll through the numbers, shall we? ETH’s price movements bear a striking resemblance to the flows in Ethereum ETFs. It’s almost poetic. The cumulative net flows reached a heady $15 billion in early October, just before the whole thing came crashing down on October 10. Since then, it’s been all downhill, with investors pulling over $3 billion by February 24. It’s like watching a slow-motion car crash. Horrible, yet oddly captivating.

And just to add a cherry on top, Vitalik Buterin, Ethereum’s co-founder, has also joined the sell-off party. CryptoPotato, in its infinite wisdom, has reported that Vitalik has been dumping ETH like it’s going out of style. In fact, recent data shows he’s sold around 17,000 ETH in less than a month. That’s a cool $34 million worth of ETH, just casually slipping through his fingers. If only he could have timed it better, eh?

In a post titled “Vitalik Buterin Is Selling Ethereum Near the Bottom,” analyst Ali Martinez lays out why Vitalik might be regretting his timing-because, just maybe, the bottom is closer than he thinks. And by closer, I mean, it could be just around the corner. Or not. Who really knows?

ETH Entry Points: When to Jump in and Get Your Wallet Smashed

Martinez, ever the optimist, points to the MVRV Ratio (a fancy metric, really) as the key to detecting the “bottom” for ETH. Currently, it’s at 0.78, which historically signals the asset is nearing-or perhaps already at-a macro bottom. But let’s not get ahead of ourselves. The phrase “past performance is no guarantee of future results” comes to mind here.

Martinez, ever cautious, reminds us that just because Ethereum looks undervalued according to some numbers doesn’t mean it can’t drop further. Because, you know, anything can happen in this volatile circus.

If another correction is indeed on the horizon (and who are we kidding, it probably is), Martinez suggests a few levels that might “hold the line.” These include $1,800 (which was tested yesterday, for those keeping track), followed by $1,584 (the first major support), $1,238 (the secondary support), and $1,089 (the deep “please get me out of here” zone). According to Martinez, these could be prime areas for “long-term positioning,” which is just a polite way of saying: “you might want to buy now and pray it doesn’t keep falling.”

“If history rhymes, accumulation below $1,800 – particularly near $1,584, $1,238, and $1,089 – could offer strong long-term positioning. But, volatility is likely to persist before a confirmed bottom forms.”

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2026-02-25 11:13