Ethereum's Richest Whales Return to Profitability

Ethereum's native token, Ether (ETH), may experience a price increase of around 25% in the coming months due to its richest whale group returning to profitability. According to on-chain data provided by CryptoQuant, the unrealized profit ratio of wallets holding more than 100,000 ETH has flipped back above zero, indicating that this cohort is no longer sitting on aggregate paper losses.

Historically, similar transitions have marked the start of an uptrend, with prices rising by nearly 50% after six months and 300% after a year. On-chain analyst CW noted that in past cycles, the return to profitability for top ETH whales was followed by increased market confidence and a reduced pressure to sell.

Furthermore, Glassnode data shows ETH rebounding from its lowest MVRV deviation band, a setup similar to previous instances of price recovery. This suggests that ETH remains below its realized price at $2,353, which is the first key recovery level. A break above this threshold could open the door towards the -0.5 sigma band near $2,640.

From a technical perspective, ETH has broken above its ascending triangle pattern and is now pulling back toward the former resistance trendline. A retest of this level can confirm it as new support, potentially leading to a rally towards the triangle's measured upside target at around $2,625 or higher if the upper trendline holds.