Ethereum Eyes 25% Rally as Top Whales Return to Profit

Ethereum’s native token, Ether (ETH), is showing signs of recovery as the richest ETH whales move back into profitability for the first time since February. Wallets holding over 100,000 ETH have flipped their unrealized profit ratio above zero, signaling reduced selling pressure and a potential market uptrend, according to CryptoQuant data.

Historical Whale Patterns Support Upside

Historically, similar whale-profit flips led to average gains of 25% over three months and 50% over six months. If this pattern repeats, ETH could climb to $2,750 by June and surpass $3,200 by September, reflecting renewed market confidence and stronger on-chain fundamentals.

Glassnode data shows ETH recovering from undervalued MVRV deviation bands, with a critical level at $2,353 representing its realized price. Breaking above this could open the path toward $2,640, while failure to hold support may risk a retest near $1,651.

Technical Analysis Supports Bullish Setup

ETH has broken above its ascending triangle pattern and is retesting former resistance as support. Maintaining this support could allow ETH to reach the triangle’s measured upside target near $2,625, reinforcing the bullish case alongside on-chain signals.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.