Ethereum Whales And HODLers Follow Vitalik’s Cue As $1,800 Risk Grows
A report from Beincrypto says Ethereum is under pressure after a confirmed head-and-shoulders breakdown and sales by Vitalik Buterin. Over three days Vitalik sold about 2,961 ETH, and the technical projection points toward roughly $1,820 as a downside target.
Following the February 3 breakdown, whales and long-term holders began trimming positions. Whale holdings fell from about 13.93 million ETH to around 13.79 million ETH—a reduction of roughly 140,000 ETH—and the hodler net position turned negative, showing net selling near 10,681 ETH.
On-chain supply clusters show a strong concentration near $1,880, aligning with the technical downside toward the $1,820–$1,880 zone; if that area fails, the next target is near $1,560. Ethereum has already lost $2,270 support and is trading near $2,090, while a sustained recovery would require reclaiming $2,270 and then $2,700 on the daily timeframe.