Ethereum co-founder Jeffrey Wilcke recently sold significant holdings of ETH, sparking market reactions and contributing to price fluctuations. This sale has heightened concerns about short-term volatility as key players adjust to changing market conditions. While the ETH price remains at around $2,520, institutional buying activity is mitigating potential downturns. Wilcke’s influence on Ethereum development adds weight to these fluctuations due to his considerable stake. Despite the volatile situation, major ETH support remains strong due to sustained interest from institutions. 2023 data suggests a history of significant sales by insiders, usually leading to short-term price swings. However, historically, institutional buying has often stabilized prices and mitigated downturns. Experts predict short-term volatility as Ethereum reacts to these recent sales, but the market continues to show signs of resilience. Historical precedents suggest V-shaped recoveries might occur if institutional demand persists. Future futures data on Ethereum also points to continued interest in the cryptocurrency.