ETH Whales Suffer Heavy Losses! Is a Surge in Ethereum Imminent?

Ethereum whales have become numb from losses, with unrealized profit margins dropping to bear market levels! Despite the current ETH price being nearly double that of the last bear market, whales holding 1,000-10,000 ETH are already in the red, causing panic in the market.

📉 ETH Deeply Undervalued, Is a Major Rebound Coming?

The MVRV ratio of Ethereum has dropped below 1, indicating that the current price is approaching the market's average holding cost. Historical data shows that whenever ETH reaches this level, a violent rebound usually follows! Currently, the $2,200-$2,300 range has become the key support zone for whales, even if it briefly dips below, it is highly likely to be strongly lifted by institutional funds.

🔥 Whales Quietly Accumulating, ETH Holding Addresses Surge!

On-chain data shows a surge in ETH accumulation addresses (wallets that receive but have never sent out funds), indicating that smart money is taking advantage of the low prices! This is highly reminiscent of the accumulation phase before historical ETH surges. If institutions continue to enter the market, ETH could see a significant rally!

🌍 Market Uncertainty VS Strong Fundamentals of Ethereum

Despite global economic challenges, including tightening U.S. liquidity policies, ETH remains the second-largest cryptocurrency by market cap and the DeFi king. Many analysts believe that the current price is attractive enough to entice institutional buying, and the future price movement of ETH remains promising.

🚀 The Pectra Upgrade Will Ignite a New Round of Market Activity!

The upcoming Pectra upgrade will significantly enhance Ethereum's scalability and efficiency, providing long-term growth momentum for ETH prices. The current ETH price is $2,217.58, up 5.51% in the last 24 hours, but down 10% over the past week. The market is about to enter a critical battle period, and ETH's next move could be a triumphant return!