Overview
- On-chain readings cited by CW and CryptoQuant show wallets holding more than 100,000 ETH have returned to unrealized profit.
- Separate analysis reports whale unrealized profit ratios near breakeven, underscoring mixed signals on large-holder positioning.
- Short-term charts point to weakening momentum with lower highs on the 4-hour timeframe and liquidity clusters that could trigger volatility.
- AMBCrypto cites Glassnode data showing exchange outflows above 377,663 ETH alongside a resistance zone around $2,350–$2,400 tied to realized price.
- AMBCrypto also highlights a roughly $260 million accumulation of about 120,000 ETH that tracking sites linked to Erik Voorhees, a claim he publicly denied, with activity concentrated near a $2,162 average buy as ETH traded close to $2,072 and ETFs saw outflows.