Ethereum's native token, Ether (ETH), is projected to rise by approximately 25% in the coming months, driven by the return of its largest whale group to profitability. Data from CryptoQuant indicates that wallets holding over 100,000 ETH have flipped to a profitable state, marking a potential uptrend. Historically, ETH has gained 25% on average three months after such a signal, with potential targets of $2,750 by June and over $3,200 by September. The shift in whale profitability suggests reduced selling pressure and increased market confidence. However, past instances, such as in 2018, have shown that this metric is not infallible, with ETH experiencing significant declines despite similar signals. Additionally, Glassnode data supports a recovery case, with ETH rebounding from undervalued levels. Technical analysis shows ETH breaking above an ascending triangle pattern, with potential upside targets around $2,625 if the trendline holds as support.
Ethereum Poised for 25% Rally as Whale Profits Signal Uptrend
This content is for informational purposes only and does not constitute investment advice.
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