Ethereum 100,000+ ETH holders return to profit, rally signal reappears

ETH whales flipped back to profit below $2,200. A CryptoQuant signal that historically preceded every ETH rally just reappeared.

A CryptoQuant analyst tracked wallets holding over 100,000 ETH. They moved from unrealized loss back to profit as price compressed under $2,200. Source: CryptoQuant Quicktake.

Why it matters. Underwater whales tend to sell into strength. Once profitable, that incentive eases. The pressure flips. Source: NewsBTC on positioning and rotation.

In prior cycles, every such flip preceded an ETH rally, per the same CryptoQuant read. No missed instance cited. Source: CryptoQuant Quicktake.

Price action holds key weekly levels. Ethereum (ETH) trades near $2,150–$2,200. Support sits just above the 200-week MA. Sellers cap $2,400–$2,600. Wicks into $1,700–$1,800 were bought.

Watch these levels:
- Break above $2,500 signals strength
- Loss of $2,000 risks deeper tests

Context remains the same. Consolidation continues. The on-chain signal is active. Sources: CryptoQuant, TradingView chart cited in the report.