Is Vitalik Selling at the Market Bottom? Warning About Huge ETH Buying Opportunities

After approaching a new all-time high of nearly $5,000 last summer, ETH also experienced a similar market downturn after October, dropping nearly 50% over a few months. It attempted to recover in mid-January, surging to $3,400, but was rejected, and the subsequent correction pushed the price down to $1,800 at some points. Although it has now held that level, it is still trading 45% below its January peak. Sharp sell-offs continue, while a well-known analyst has provided potential entry points for long-term investment. Continued Sell-Off Comparing ETH’s price with the net capital flowing into Ethereum spot ETFs reveals a strong correlation in investor behavior and price volatility. For example, total net inflows peaked at over $15 billion in early October before a sharp crash on October 10. Since then, outflows have dominated, with investors withdrawing more than $3 billion on February 24. Additionally, Ethereum co-founder Vitalik Buterin has also participated in this sell-off. We have reported multiple times on Buterin selling large amounts of ETH tokens in recent weeks. On-chain data shows he sold about 17,000 ETH in less than a month, worth around $34 million. In a post titled “Vitalik Buterin is Selling Ethereum Near the Bottom,” renowned analyst Ali Martinez explained why the co-founder might regret his selling timing, as the market bottom could be closer than expected. ETH Entry Points Martinez states that one of the most reliable “bottom detection indicators” for the largest altcoin—the MVRV Ratio—is currently at 0.78, while the asset has been near or at a macro bottom below 0.80. However, his warning suggests that just because Ethereum is currently undervalued according to on-chain metrics, it doesn’t mean its price can’t go lower—“especially during major distribution phases.” If another correction occurs, the analyst outlined the most critical levels that could prevent further decline—$1,800 (tested yesterday), followed by $1,584 (the first major support), $1,238 (the secondary macro support), and $1,089 (a deeper surrender zone). Martinez believes these levels could be ideal entry zones. “If history repeats itself, accumulating below $1,800—especially near $1,584, $1,238, and $1,089—could establish a solid long-term position. However, volatility may continue before the market hits the bottom.”