Ethereum gained value in the last 24 hours, following the general recovery movement of the crypto market. On-chain data shows that the price increase is supported by both selling and buying movements. This marked a clear split in investor positions.
Vitalik Buterin Continues His Sales
Vitalik Buterin, one of the founders of Ethereum, recently transferred a significant amount of ETH from his personal wallets. Blockchain analysis platform Lookonchain shared that Buterin recently sold 675.88 ETH and made a total of 11,422 ETH in the last month. The value of these sales was approximately $23.33 million. In a previous statement, it was announced that Buterin planned to withdraw 16,384 ETH and evaluate these assets for long-term goals in the coming years.
According to Lookonchain’s current data: “Approximately 70% of the planned sale of 16,384 ETH has been completed.”
On-chain data shows that additional transfers from Buterin’s wallets are ongoing and the sales process is still ongoing.
ETH Transactions of Treasury Companies and Major Players
FG Nexus, one of the Ethereum asset management companies, also recently made a large transfer. The company transferred 7,550 ETH to Galaxy Digital. FG Nexus purchased 50,770 ETH in August and September 2025 at an average price of approximately $3,860. However, he later disposed of 21,025 ETH at an average price of $2,649.
Lookonchain’s evaluation included the following statement: “The company still continues to hold 30,094 ETH ($57.5 million) and its total loss reached $82.8 million.”
The pressure on ETH price also affects digital asset management companies. Among them, the unrealized loss of a company called BitMine exceeded $7 billion. Still, BitMine purchased another 51,162 ETH last week, bringing its total balance to 4,422,659 ETH. During the period when large investors were active, a whale with address 0x2bd7 exchanged 205 BTC for 6,973 ETH.
Latest Rise in Price and Technical Levels
Despite the recent sales, the Ethereum price has not been negatively affected recently. While an increase of around 5% was recorded in the last 24 hours, the total crypto market value increased by 3.28 percent. During this period, Ethereum traded at $1,916. Analyst Ted Pillows noted that there are signs of recovery in the Ethereum price, but the rise needs to strengthen.
The analyst’s evaluation included the following statements: “There is no clear sign that the rise will be completely permanent before Ethereum exceeds the $ 2,000 level again.”
While major investors and institutions have been reshaping their positions in recent days, it seems that Ethereum continues to find its direction depending on the general movements in the market in the short term.
