Vitalik Buterin can buy ETH from Tom Lee while selling.

According to on-chain data from recent days, thousands of units have been sold from Ethereum. These sales are being made to repay Aave loans. A feedback loop has formed where falling prices trigger more selling.

The Ethereum blockchain, a fundamental collateral and leverage instrument in the cryptocurrency market, is typically the first asset sold when investors want to liquidate their positions. This situation amplifies downward movements compared to Bitcoin and other major cryptocurrencies.

Institutional Ethereum holders, who were previously expected to be long-term buyers, are now facing significant unrealized losses. The expected support levels are now being considered as potential points of pressure.