According to the latest report from Sentora, there are 97% Ethereum (ETH) addresses currently in profit. This is a remarkable milestone because historically, high profits across the board often lead to strong sell-offs, such as in 2021. However, contrary to the cautious atmosphere at that time, many experts still expressed optimism about ETH's short- and long-term prospects.
Price range of 3,800–4,000 USD – “golden spot” for investors
Popular trader Lark Davis believes that Ethereum needs to stay above the $3,800–$4,000 range to consolidate its bullish trend. He believes that this is an attractive buying zone for investors who missed out on the recent breakout.
Meanwhile, Samson Mow – CEO of JAN3 – explained that the recent ETH/BTC rally is partly due to the flow of money from Bitcoin to Ethereum. This strategy helps to inflate the price of ETH, create a new class of investors, and then return to buy BTC with the profits.
Whales in Action – ETH Surpasses $4,300
Ethereum has hit $4,300 thanks to strong buying from whales, notably Arthur Hayes – co-founder of BitMEX – who has transferred more than $8.4 million worth of crypto, including $6.35 million worth of ETH, into the market. He previously predicted that ETH could reach $10,000 this year.
Data from Lookonchain shows that in just one week, a “mysterious organization” has collected 221,166 ETH (~$946.6 million), including 49,533 ETH (~$212 million) in just one day, through platforms such as FalconX, Galaxy Digital, and BitGo.
Big money continues to pour in
Additionally, wallets associated with SharpLink Gaming have received over $253 million in the past two weeks, with multiple large transactions worth between $13–44.7 million, according to Arkham Intelligence data. This reflects the fact that large inflows are still pouring into the ETH market, despite concerns about profit-taking pressure.
Conclude
Although 97% Ethereum addresses are in profit – a potential signal of a sell-off risk – factors such as whale inflows, bullish predictions from experts, and buying activity from large institutions suggest that ETH is still in an attractive phase to watch and invest in.
With a long-term vision and in-depth analysis, HVA Group is ready to accompany the investor community on the journey to explore the potential of Ethereum as well as the entire digital asset market.
