The unrealized profit ratio of whales holding over 100,000 ETH has surpassed zero, indicating a possible price rebound. Analyst CW pointed this out on social media.

“Typically, the loss zones for large holders are at the bottom of the trend line. When whales move into a profitable state, this marks the beginning of an upward movement,” the expert noted.

Historically, after this group of investors returns to the breakeven zone, the price of ETH has risen by an average of 25% over three months. After six months, the asset showed a 50% increase, and after a year, a 300% rise.

If this pattern holds, ETH prices could approach $2,750 by June and exceed $3,200 by September.

However, the unrealized profit indicator for whales is not infallible. For instance, it did not materialize in 2018 when ETH fell by 17.5% a month after the metric turned, followed by a nearly 70% correction.

Other Reversal Signals

A user named Sky observed that the current price around $2,000 is where the highest trading volume has been recorded. He believes a rebound should occur at this level.

$ETH is holding the price where there was the most volume — I would think that we bounce here.

I'll quote this if I'm wrong. pic.twitter.com/GaI6vGKxTH

— Sky (@TheSkayeth) March 22, 2026

Analyst James pointed out that ETH dominance is being maintained. The metric has broken through a local resistance zone and is heading towards 11%.

$ETH Dominance

Still holding a key area & PLENTY of room to run.

Current plan:

— Accumulate sub $2,000 if the opportunity arises
— Wait for Valhalla

ETH will once again reign supreme. pic.twitter.com/akiIrYmqRc

— James (@JamesEastonUK) March 21, 2026

Thanks to this, Ethereum continues to hold a key support level, leaving room for growth, according to the researcher.

At the time of writing, the second-largest cryptocurrency is trading at $2,075, having lost 3.5% in the last 24 hours.

15-minute ETH/USDT chart from Binance. Source: TradingView.

It’s worth noting that investment bank Citigroup lowered its annual price forecast for Ethereum from $4,304 to $3,175. The estimate for Bitcoin was reduced from $143,000 to $112,000.