Ethereum Price Surge Expected as Rich Whale Group Returns to Profitability

Ethereum's native token, Ether (ETH), has been showing signs of recovery as its richest whale group becomes profitable for the first time since early February. According to data from CryptoQuant, the unrealized profit ratio of wallets holding more than 100,000 ETH has flipped back above zero.

This 'profitable state' is a significant indicator, as it has historically marked the starting point of an uptrend in ETH's price. In past cycles, ETH gained 25% in three months and 50% in six months on average after top whales returned to profit.

On-chain analyst CW notes that once top ETH whales return to aggregate profit, they face less pressure to sell defensively, which can strengthen broader market confidence by signaling renewed conviction among the richest ETH holders.