ETH Whales Hit Bear Market Losses: Ethereum Price Pump Incoming?

Ethereum (ETH) whales are experiencing unrealized profit ratios comparable to previous bear market levels. This raised concerns about market conditions around Ethereum price.

Despite Ethereum’s price being nearly twice as high as during the last bear market, large holders between 1,000 and 10,000 ETH now show a negative unrealized profit ratio.

ETH/BTC continues to decline, and the market continues to be cautious due to fear, uncertainty, and doubt (FUD).

However, on-chain data indicates that Ethereum may be in an undervalued zone where one may have embraced opportunities for long term investors to buy.

Ethereum Price MVRV Drops to Undervalued Levels

Ethereum (ETH) Market Value to Realized Value (MVRV) ratio has declined to below 1, an indicator the price of the asset is getting close to the average purchase price of all the holders.

Such conditions have been historically severe enough to spark rebounds in price. But past market cycles suggest that ETH tends to soar after it hits this level.

Whale investors’ realized price is now extremely concentrated around $2,200-$2,300 which may now constitute strong support.

It is very possible that buying pressure from institutional investors will keep the price rising even if ETH drops below this level.

Accumulation Increases as ETH Addresses Grow

On-chain data from CryptoQuant shows a surge in Ethereum accumulation addresses—wallets that have received ETH but never withdrawn.

This suggests that investors are taking advantage of the current market conditions to accumulate ETH at what they perceive as discounted prices.

If this accumulation trend continues, it could signal a shift in market sentiment, with institutional investors potentially preparing for a long-term price recovery.

The growing interest in Ethereum at this stage aligns with previous accumulation phases before significant price uptrends.

Ethereum Price: Macroeconomic Factors and Market Uncertainty

The crypto market is facing external pressures, including U.S. liquidity policies and global economic factors.

The Trump administration’s approach to tariffs and monetary tightening has introduced additional uncertainty, which could affect asset markets, including Ethereum.

Despite these hurdles, Ethereum remains the second largest crypto by market cap, and the foremost leader in decentralized finance (DeFi) adoption.

At current price levels, many analysts believe its strong fundamentals could attract more institutional buyers still.

Pectra Upgrade and Ethereum’s Future Outlook

The direction of the next price trend for Ethereum could be dictated by the development. The recently launched Pectra upgrade is expected to bring major improvements. They may significantly contribute to improving Ethereum’s scalability and efficiency.

Ethereum developers can be seen working on making the enhancements in its network. Market participants are interested to see any signs of a possible price recovery.

Ethereum’s price was $2,217.58 with a 5.51% increase in the last 24 hours. However, there was a 10% loss over the past week.

With a market cap of $267.4 Billion, ETH remains a wholesale giant in the crypto space, and network upgrades will kick off a new bullish phase.