Ethereum has dropped as low as $1,848 this month and is currently trading around $1,882, as a combination of high-profile selling, rising exchange inflows, and weak staking demand weigh on the price.
Ethereum co-founder Vitalik Buterin sold over 8,800 ETH in February 2026, worth approximately $18.45 million in total.
Blockchain analytics firm Lookonchain confirmed that Buterin sold 6,958 ETH worth $14.78 million in early February. During that period, ETH fell from $2,360 to $1,825, a drop of 22.7%.
vitalik.eth(@VitalikButerin) is selling $ETH faster again.
In the past 2 days, he has sold 1,869 $ETH($3.67M). During that time, $ETH fell from $1,988 to $1,875, down 5.7%.
Last time he sold 6,958 $ETH($14.78M), $ETH dropped from $2,360 to $1,825 — a 22.7% fall.… pic.twitter.com/v2x6Q3ZTme
— Lookonchain (@lookonchain) February 23, 2026
Over the past two days, he sold an additional 1,869 ETH for around $3.67 million. ETH fell from $1,988 to $1,875 during that window, a further 5.7% decline.
Buterin had previously stated the sales are part of a plan to deploy 16,384 ETH toward long-term initiatives over several years. Arkham Intelligence data shows he still holds 224,105 ETH.
Ethereum inflows to Binance over the past 30 days reached approximately $33.3 billion, the highest level since November 2025, according to CryptoQuant data.
Large exchange inflows can signal that investors are preparing to sell. However, analysts note this is not always bearish and can sometimes reflect strategic repositioning or readiness to trade during volatile periods.
One analyst noted that how ETH responds to these elevated inflows will likely determine whether they lead to sustained selling pressure or a redistribution phase.
At the same time, Ethereum staking demand has declined sharply. When staking inflows slow, more ETH enters circulating supply, which can add downward price pressure.
Together, rising exchange inflows and falling staking demand point to increasing liquid supply in the market.
Crypto analyst Alexhiz on TradingView laid out a bearish near-term scenario, suggesting ETH could fall another 60% from current levels to around $600.
The analyst argues that such a drop would represent a full market capitulation and liquidity reset, allowing long-term accumulation to take place.
Following that accumulation phase, the analyst projects a possible expansion phase with ETH targeting $10,000–$15,000 in the 2028–2029 timeframe, based on historical cycle behavior.
The analyst notes that any recovery would likely be heavily tied to Bitcoin’s performance as the broader market leader.
ETH is currently trading at approximately $1,882, having touched a low of $1,848 earlier in February.
The post Ethereum (ETH) Price: Vitalik Sells $18M in ETH as Price Drops to $1,848 appeared first on CoinCentral.
