Recent indicators suggest that Ethereum could be poised for a price rebound, marking a potentially bullish period ahead. Analysts observed that the unrealized profit ratio for large holders owning over 100,000 ETH has moved into positive territory, signaling a shift in market sentiment.
"Large holders typically see losses at the bottom of a price trend. Their movement into a profitable state can indicate an upward trend may be starting," noted analyst CW on social media.
Historically, when these whales return to breakeven, the price of ETH has appreciated by roughly 25% within three months, 50% over six months, and an impressive 300% after a year. If this trend continues, analysts predict ETH could reach approximately $2,750 by June and potentially exceed $3,200 by September.
Nonetheless, the effectiveness of the unrealized profit ratio has limitations, as highlighted by its failure to predict a price rise in 2018 when ETH unexpectedly dropped by 17.5% a month after the indicator turned positive, ultimately facing a significant correction.
