Ethereum whales are now making profits again as the ETH price continues to rise, defying the market’s broader downtrend. Data from on-chain analytics platform CryptoQuant indicates that these whales are investors with wallets holding more than 100,000 ETH. The sudden step towards profitability raises the question of whether these large-scale investors will hold their positions or sell immediately, as key historical chart patterns indicate potential price increase for ETH in the coming months.
Ethereum whales are reportedly back in the green after this sitting on a pile of paper waste following ETH’s continued price decline this year. According to CryptoQuant, this is the first time that whales with more than 100,000 ETH have become profitable since early February 2026.
Ethereum whales return to the profit zone
While a shift into the profit zone is typically seen as a bullish signal, it also highlights the potential for large-scale investors sell and take profit. Market analysts CryptoTice and CW also highlighted this recent move on X and provided insight into its broader significance.
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In his analysis, CW says pointed out that areas where large whales have previously suffered losses are often seen as bottoms of the market. He explained that when these whales become profitable again, the moment they do so could mark the start of a major upward trend. Considering ETH whales’ latest move towards profitability, CW suggests the current market could still be early in the market a bullish reversal.
Crypto Tice shares a different but equally bullish perspective marked a recurring historical pattern in which whales returning to profitability triggered significant price increases for ETH. He emphasized that wallets with more than 100,000 ETH do not accidentally return profits. According to him, each time this has happened, ETH has recorded a 25% rise within three months, a 50% rally in six months, and a staggering 300% gain within a year.
CryptoTice noted that these large-scale whale addresses have survived every market cycle and have experienced both bull runs and bull runs bear market crashes. He stated that they were the ones rallying at the bottom while everyone else sold out of panic as broader volatility and negative sentiment spread.
Based on his analysis, if Ethereum follows the same historical pattern perfectly, it could see its price skyrocket from its current price of over $2,150 to around $2,687 in three months, around $3,335 in six months, and around $8,600 within a 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 make a profit. On his ETH chart, he marked $2,350 as the next sell wall, representing an increase of about 9.3% from current levels.
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At the same time the analyst noted that Ethereum whales are still in a buying frenzy. He stated that these large-scale investors continue to accumulate its ETH even during sideways moves, which matches the size of net purchases among Bitcoin whales.
Featured image from Freepik, chart from Tradingview.com