Ethereum crashes amid market-wide selloff — falls below $1,900 as Vitalik continues ETH selling spree

first published 2026-02-23T07:51:48Z

ETH fell below the lower trendline of a bear pennant on rising volume, creating a downside target near $1,475 (around $1,500 psychological support) by late Feb/early Mar. Founder Vitalik Buterin announced plans to sell 16,384 ETH; roughly 9,000 ETH have been flagged as sold so far with about 7,350 ETH remaining. ETH is down ~18.6% in February. To invalidate the bearish outlook, bulls must reclaim the pennant’s lower trendline and push above the 20-day EMA (~$2,085).

AI Analysis

Price broke below the lower trendline of a bear pennant on rising volume with a downside target near $1,475; founder Vitalik Buterin announced plans to sell 16,384 ETH and ~9,000 ETH have been flagged as sold (≈7,350 remaining); ETH is down ~18.6% in February; bullish invalidation requires reclaiming the trendline and topping the 20-day EMA (~$2,085).

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