Ethereum’s Soaring Profitability Signals Potential Resistance Ahead
Ethereum’s recent rally has pushed nearly the entire holder base into the green—a milestone that could mark a turning point in price momentum.
According to blockchain analytics firm Sentora, 97% of all ETH addresses are now “in the money,” meaning their average entry price is below the current market value of $4,225. While this reflects strong bullish sentiment, it may also foreshadow growing sell pressure, as profit-taking typically accelerates when large portions of the market are in gains.
Supporting this, Glassnode data shows that ETH profit realization—tracked by a 7-day simple moving average—has climbed to $553 million per day, up from prior lows and approaching the July peak of $771 million. This uptick suggests that investors are beginning to offload holdings to lock in gains.
A closer look reveals a shift in behavior: while long-term holders (those who held ETH for over 155 days) were the primary sellers during the previous December 2024 peak, short-term holders are now leading the current wave of profit realization.
With a growing number of investors in profit and active profit-taking underway, Ethereum may face near-term resistance unless fresh demand steps in to absorb the supply.
