Ethereum is under pressure as key data indicates large holders are now facing losses across all major cohorts. According to analyst Darkfost, the unrealized profit ratio for Ethereum whales has turned negative. Simultaneously, Bitfinex data shows exchange balances climbing toward 14.7 million ETH, increasing available liquid supply. While weekly chart patterns noted by Trader Tardigrade signal a potential accumulation phase, significant price resistance remains a hurdle for recovery.
Renewed pressure is mounting on Ethereum as large holders feel the impact of a market correction. Crypto analyst Darkfost reported that the unrealized profit ratio for Ethereum whales is negative across every major cohort, with wallets holding 1,000 to 10,000 ETH at -0.21. Large investors are now in the red even though the price has not fallen to its April low.
Data from Bitfinex reveals that Ethereum is trading within a range as exchange balances move back toward 14.7 million ETH. This increase in liquid supply could act as a reserve for selling or as collateral for leveraged positions.
Analyst Trader Tardigrade points out that the weekly chart shows a consolidation pattern similar to the one before a major move at the end of 2025. The recent weekly candles show longer lower wicks, indicating some dip-buying activity.
A break above the $2,800 to $3,000 level would be the first indication of a structural recovery for the asset. Such a move could potentially open the path toward the $3,400 to $3,600 range.
