ETH whales turn profitable as price holds $2,000 support
ETH holds $2,000 as 100k+ ETH whales flip profitable
Ethereum stays above $2,000. Sellers press again after a brief bounce.
Whales with 100k+ ETH are back in profit. CryptoQuant flags this shift as a structural signal seen near cycle turns in past data source.
This improves the cost basis picture. It also raises distribution risk if whales realize gains source.
ETH consolidates near $2,000–$2,050 after a drop from $3,000 and a wick below $1,900. Price sits below the 50/100/200‑day MAs, which slope down. Volume spiked on the sell-off, not on the bounce. The move looks corrective, not impulsive. Chart evidence below.
Key levels now:
- Support $2,000
- Resistance $2,200–$2,300
- Trend below 50/100/200‑DMA remains down
Whale PnL context:
CryptoQuant data shows large cohort loss-to-profit transitions have historically aligned with market bottoms and early uptrends. Confirmation still needs spot demand and sustained reclaim of resistance.