ETH Tests $1,500 as Pennant Breakdown Unfolds Amid Vitalik Buterin Sales

Ether tested the $1,500 level on Monday as a pennant breakdown took shape with rising volume, reflecting broader crypto derisking, Arkham Intelligence and Lookonchain data show. Price slipped to around $1,850, and if the breakdown persists, chart patterns suggest a measured move toward $1,475 by late February or early March. Vitalik Buterin disclosed on Jan. 30 that 16,384 ETH would be sold via Kanro to fund ecosystem work, and trackers have observed roughly 9,000 ETH sold since early February alongside a 3,500 ETH withdrawal from Aave. Bulls would need to reclaim the 20-day exponential moving average near $2,085 to shift momentum.