Ethereum Whales Are Profiting Again, But Will They Hold or Sell?

Ethereum whales are once again seeing profits as the price of ETH rises, challenging the overall market downtrend. Data from CryptoQuant, an on-chain analytics platform, reveals that these whales are significant investors who hold over 100,000 ETH in their wallets. This sudden shift into profitability raises an important question: will these large investors hold onto their assets or sell off immediately? Key historical patterns in the charts suggest a potential price increase for ETH in the approaching months.

Key Takeaways

Ethereum whales are back in profit as ETH prices rise, challenging market downtrends.
Analysts suggest this may indicate a potential bullish reversal in the market.
Historical trends show that when whales regain profitability, significant price rallies often follow.
The next sell wall for ETH is identified at $2,350, amid continued strong buying from whales.

Ethereum

Having endured a series of paper losses from ETH’s price drop earlier this year, Ethereum whales are now back in the green. According to CryptoQuant, this is the first time since early February 2026 that whales holding over 100,000 ETH have returned to profitability.

Ethereum Whales Return to Profit Zone

The transition back to profitability is typically seen as a positive indicator for the market. However, it also creates a scenario where large investors might decide to sell and secure profits. Analysts CryptoTice and CW have highlighted this recent development on social media, providing insights into its wider implications.

In his analysis, CW pointed out that areas where significant whales had previously experienced losses often align with market bottoms. He suggested that when these investors return to profitability, it could indicate the onset of a major upward trend. The recent shift of ETH whales back into the profit zone hints at a possible bullish reversal in the current market.

Ethereum Source: Chart from CW on X

Offering a complementary yet optimistic perspective, CryptoTice pointed out a recurring historical trend: every time whales return to profitability, substantial price rallies for ETH often follow. He emphasized that wallets holding over 100,000 ETH don’t return to profit by chance. Historically, each instance has led to a 25% price surge within three months, a 50% gain in six months, and an impressive 300% increase over a year.

CryptoTice noted that these prominent whale addresses have withstood every market cycle, participating both in bullish runs and bear market declines. They are notably the ones who accumulate at the market bottom while others panic and sell amidst volatility and negative sentiment.

Based on historical patterns, if Ethereum mirrors earlier trends, it could see its price soar from its current level of over $2,150 to approximately $2,687 in three months, around $3,335 after six months, and potentially reach about $8,600 within the next year.

Analyst Highlights New Sell Wall for ETH Whales

In a more recent analysis, CW identified a probable sell wall for Ethereum whales wishing to realize their profits. He marked $2,350 as the next critical resistance level, which translates to a roughly 9.3% increase from current prices.

Simultaneously, the analyst observed that Ethereum whales continue their aggressive purchasing spree. He noted that these major investors have been accumulating ETH even during periods of price stagnation, aligning their buying behavior with that of Bitcoin whales.

Ethereum ETH trading at $2,155 on the 1D chart | Source: ETHUSDT on Tradingview.com