Ethereum Whales Return to Profitability Amid Market Inflection
- Ethereum is holding above the $2,000 level, facing renewed selling pressure.
- Whales holding over 100,000 ETH have returned to a profitable state, indicating a potential market cycle shift.
- The transition of whales from loss to profit often aligns with early stages of new market cycles.
- ETH remains in a downtrend, trading below key moving averages and facing resistance around $2,200–$2,300.
Ethereum’s current price action suggests fragile momentum despite stabilizing above $2,000. The profitability of large Ethereum holders signals a possible market transition but also poses distribution risks if gains are realized.
The return to profitability for major Ethereum whales could indicate the end of capitulation phases and the start of an uptrend, contingent on reduced sell-side pressure and increased demand. (Source)
