Vitalik Buterin Offloads $8.9M in ETH, but Ethereum Surges. The Plot Thickens!

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Ah, Vitalik Buterin, our ever-dramatic Ethereum maestro, continues his grand, albeit curious, exit strategy. Despite Ethereum’s sharp rally, he presses on with his preordained sales. According to our favorite blockchain snoops, Lookonchain and Onchain Lens, the man has just parted ways with 4,458 ETH, raking in a cool $8.92 million.

And, of course, this isn’t exactly a spur-of-the-moment decision. This latest transaction brings him to a remarkable 97% completion of his grand plan to part with 16,384 ETH. Truly, it’s as if he’s clearing out a dusty old attic, one digital token at a time.

There’s just 504 ETH left to go-valued at just over $1 million. How quaint, isn’t it?

Nearly $31 Million Shuffled Off Since February

Since February 2nd, Vitalik has waved goodbye to 15,479 ETH, a sum totalling around $30.94 million, at an average price of, oh, a mere $1,999 per ETH. A little less than the price of a luxury handbag, one might say.

In the last seven days alone, the Ethereum whiz has converted over $8.6 million worth of ETH into stablecoins-PYUSD, EURC, LUSD, and GHO. That’s a lot of stablecoins, but then again, we know Vitalik’s not one for the dramatic swings of volatile altcoins.

Despite all this selling, Buterin still holds a rather staggering 259,350 ETH, which, at current prices, comes to nearly $500 million. Yes, that’s half a billion. A number so large, you might need a second mortgage just to comprehend it.

Ethereum Soars 7% Despite Buterin’s Digital Fire Sale

Now, here’s where the plot takes a delightful twist-Ethereum’s price refuses to buckle under the weight of these ongoing sales.

In fact, Ethereum has risen by a tidy 7.5% in the last 24 hours, trading at a comfortable $2,058. To add some context, Bitcoin, always trying to keep up, has gained a mere 3.4% in the same period. A rather lackluster performance by comparison, don’t you think?

Trading volume is booming, signaling that investors are still absolutely smitten with Ethereum. The price even flirted with a high near $2,150 before pulling back-how very coy of it!

What’s Next for ETH Price? Will It Keep Rising, Or Are We in For a Drama?

Ethereum seems to be taking a moment to collect itself after this exciting rally. A bit of a breather, really, before the next round of shenanigans.

Here’s what you might want to keep an eye on, just in case:

  • Immediate support lies somewhere between $1,990 and $2,073. Will it hold? Let’s hope so!
  • Stronger support near $1,820. The kind of level you wouldn’t mind having a little chat with, if it decides to dip.
  • Resistance around $2,155, followed by $2,214. A little resistance never hurt anyone, right?

If ETH stays above $1,990, analysts are predicting a potential push toward $2,200. But, should it fall below that support line, we might be looking at a rather more dramatic pullback. It’s all rather suspenseful, don’t you think?

Experts are also eagerly awaiting the confirmation of a full five-wave upward move. If that happens, we’ll all be singing ‘Hallelujah’ in unison. Or perhaps not. Time will tell!

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2026-02-26 05:21