Ethereum's native token, Ether, is poised for a potential 25% rally as its largest holders return to profitability. Data indicates wallets holding over 100,000 ETH have flipped to positive unrealized profits for the first time since February.
Historically, this metric signals an uptrend. ETH averaged 25% gains three months after similar flips. Analysts project prices could reach $2,750 by June and exceed $3,200 by September if patterns hold. However, the signal is not flawless; a 2018 similar flip preceded a 70% tumble.
On-chain data from Glassnode reinforces the recovery case. Ether is rebounding from its lowest MVRV deviation band, similar to setups in 2022 and 2025.
ETH remains below its realized price of $2,353. A break above this threshold opens the door to $2,640. Failure to reclaim this level risks a retest near $1,651.
Technically, ETH has broken above an ascending triangle pattern and is retesting former resistance as support.
If the upper trendline holds, recovery targets align with on-chain data around $2,625. A failed retest could send prices back to the $1,950 support zone.