The post Ethereum Price Eyes $1,800 as Whales Follow Vitalik’s Selling appeared on BitcoinEthereumNews.com.

Ethereum price remains under pressure in early February as selling momentum builds across both on-chain and technical indicators. The token has slipped below key support levels following a confirmed chart breakdown, while fresh data shows large holders and long-term investors beginning to reduce exposure. With Vitalik Buterin selling ETH and accumulation slowing, the $1,800 zone is now emerging as a critical near-term downside risk. Head-and-Shoulders Breakdown Aligns With Vitalik’s ETH Selling Ethereum’s latest decline accelerated after a clear technical breakdown on February 3. Sponsored Sponsored On the daily chart, ETH completed a head-and-shoulders pattern that had been forming since mid-November. When the ETH price failed to hold above the neckline and broke lower on February 3, the bearish pattern was confirmed. Bearish Price Structure: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Head-and-shoulders formations typically signal trend reversals. The projected downside target is calculated by measuring the height of the pattern and applying it below the neckline. In Ethereum’s case, this points toward the $1,820 zone. At around the same time, on-chain data showed that Vitalik Buterin had begun selling ETH. Over the past three days, Vitalik sold around 2,961 ETH worth roughly $6.6 million at an average price near $2,228. The selling began just as Ethereum was losing technical support and has continued through the breakdown. This timing is important. When a major ecosystem figure reduces exposure during a chart breakdown, it often weakens market confidence. Instead of stabilizing sentiment, Vitalik’s sales reinforced the bearish signal coming from price action. As a result, the technical breakdown and high-profile selling combined to mark February 3 as a major turning point for Ethereum. Sponsored Sponsored Whales and Hodlers Start Selling After February 3 Signal After the breakdown and Vitalik’s sales, large and long-term holders…

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Filed under: News - @ February 5, 2026 9:26 am