Ethereum whales are now back in profit as the ETH price continues to climb, defying the broader market downtrend. Data from the on-chain analytics platform CryptoQuant indicate that these whales are investors with wallets holding over 100,000 ETH. The sudden move into profitability raises the question of whether these large-scale investors will hold their positions or sell immediately, as key historical chart patterns signal a potential price surge for ETH in the coming months.
Ethereum whales are reportedly back in the green after sitting on a pile of paper losses following ETH’s persistent price decline this year. According to CryptoQuant, this is the first time that whales holding over 100,000 ETH have become profitable since early February 2026.
Ethereum Whales Move Back Into Profit Zone
While a shift into the profit zone is typically viewed as a bullish signal, it also highlights the potential for large-scale investors to sell and take profit. Market analysts CryptoTice and CW have also spotlighted this recent movement on X, offering insights into its broader significance.
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In his analysis, CW pointed out that areas where large whales previously incurred losses are often seen as market bottoms. He explained that when these whales return to profitability, the moment they do so can mark the start of a major uptrend. Given ETH whales’ latest move into profitability, CW suggests the current market could be at the beginning of a bullish reversal.
Sharing a different yet equally bullish perspective, Crypto Tice highlighted a recurring historical pattern in which whales returning to profitability triggered significant price rallies for ETH. He emphasized that wallets holding above 100,000 ETH don’t flip back into profit by accident. According to him, every single time this has happened, ETH has recorded a 25% increase within three months, a 50% rally in six months, and a staggering 300% gain within the year.
CryptoTice noted that these large-scale whale addresses have survived every market cycle, experiencing both bull runs and bear market crashes. He stated that they were the ones that accumulated at the bottom while everyone else sold due to panic as broader volatility and negative sentiment spread.
Based on his analysis, if Ethereum perfectly follows the same historical pattern, it could see its price skyrocket from its current price of above $2,150 to roughly $2,687 in three months, approximately $3,335 in six months, and about $8,600 within the year.
Analyst Identifies New Sell Wall For ETH Whales
In a more recent analysis, CW shared a potential sell wall for Ethereum whales looking to take profits. In his ETH chart, he marked $2,350 as the next sell wall, representing a roughly 9.3% increase from current levels.
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At the same time, the analyst noted that Ethereum whales are still on a strong buying spree. He stated that these large-scale investors have continued to accumulate ETH even during sideways movement, matching the scale of the net buying seen among Bitcoin whales.
Featured image from Freepik, chart from Tradingview.com