Ethereum whales are now once again in profit as the price of ETH continues to climb, defying the broader market downtrend. Data from on-chain analytics platform CryptoQuant indicates that these whales are investors whose wallets contain more than 100,000 ETH. THE sudden shift to profitability raises the question of whether these large-scale investors will hold their positions or sell immediately, as major historical chart trends signal a potential ETH price surge in the coming months.
Ethereum whales would be back in the green after sitting on a pile of lost paper following the persistent decline in ETH prices this year. According to CryptoQuant, this is the first time that whales holding more than 100,000 ETH have become profitable since the beginning of February 2026.
Ethereum whales return to profit zone
While the move into the profit zone is generally seen as a bullish signal, it also highlights the potential for large-scale investors to sell and take profit. Market analysts CryptoTice and CW also shed light on this recent move on X, offering insight into its broader meaning.
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In his analysis, C.W. underlines that areas where large whales have already suffered losses are often considered market fund. He explained that when these whales become profitable again, the moment they do so may mark the start of a major uptrend. Given the latest profitability move of ETH whales, CW suggests that the current market could be in the early stages of a bullish reversal.
Sharing a different but equally optimistic perspective, Crypto Tice highlighted a recurring historical pattern in which whales returning to profitability have triggered significant price increases for ETH. He emphasized that wallets holding more than 100,000 ETH do not become profitable again by accident. According to him, each time this happened, ETH saw a 25% increase in three months, a 50% increase in six months, and a staggering 300% gain over the course of the year.
CryptoTice noted that these large-scale whale addresses have survived every market cycle, experiencing both ups and downs. bear market crashes. He said they were the ones who accumulated at the bottom while everyone else sold due to panic as broader volatility and negative sentiment spread.
According to his analysis, if Ethereum follows the same historical pattern perfectly, its price could skyrocket from its current price above $2,150 to around $2,687 in three months, around $3,335 in six months, and around $8,600 over the course of the year.
Analyst Identifies New Sell Wall for ETH Whales
In a more recent analysis, C.W. common a potential sell wall for Ethereum whales looking to make a profit. In its ETH chart, it marked $2,350 as the next sell wall, representing an increase of approximately 9.3% from current levels.
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At the same time, the analyst note that Ethereum whales are still on a strong buying frenzy. He said these large-scale investors continued to accumulate ETH even during a sideways move, which matches the magnitude of net buying seen among Bitcoin whales.
Featured image from Freepik, graphic from Tradingview.com
