#VitalikSells ETH fell below 2000 dollars and continues to slide down. The classic bearish pennant has been broken, and the volumes on the decline are increasing — this is a signal for continued descent. The target based on the pattern is around 1475 dollars, meaning testing 1500 dollars at the end of February or early March is quite realistic.
🔻 Vitalik Buterin accelerates sales: since early February, about 9000 ETH has been sold through Kanro. Approximately 7350 coins remain. Earlier, he announced the withdrawal of 16384 ETH to fund the ecosystem and open-source during the 'soft economy' of the Ethereum Foundation.
💸 Sales coincide with the price drop: February -18.55%. Historically, such actions by the founder have increased pressure — remember May 2021 (35k ETH) or November 2021 (20k ETH on Kraken), after which deep corrections followed.
📊 As long as the price is below the 20-day EMA ($2085) — bears are in control. Bulls need to reclaim the pennant level as support and break the EMA upwards, otherwise the decline will continue.