Krutika Adani
Vitalik Buterin has been witnessed selling ETH for unknown reasons. Though Buterin has donated several times to charities to support small crypto initiatives, the current sale seems suspicious.
The suspicion is further elevated by the presence of a bearish phase in Ethereum, which has pinned its price down at $2500 levels.
The primary reason appears to be the Grayscale ETF redemptions. Also, the lack of market demand also seems to support low prices.
Ethereum must cross $3000 before it can be considered bullish. On the downside, $2100 seems to be a strong support zone.
Seeing a higher adoption rate due to low gas fees, it seems a mistake to sell at current levels. Instead, the current price levels seem best for accumulation.