Ethereum short-term holders are taking profits as ETH has surged 43% in the past month, indicating market hesitancy about future price movements.
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Short-term Ether holders are realizing profits at approximately $553 million per day.
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Long-term holders are less active, with profit-taking similar to December 2024 levels.
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ETH is currently trading around $4,283, about 12.7% below its all-time high of $4,828.
Ethereum short-term holders are cashing in as ETH rises 43% in a month. Will this trend continue? Discover insights and analysis.
Ether Short-Term Holders Are Starting to Take Profits
According to Glassnode, Ether profit realization — measured by the seven-day simple moving average — is about $553 million per day, primarily driven by short-term investors.
In contrast, long-term holders, defined as those holding ETH for more than 155 days, have not been as aggressive in taking profits. This group is realizing profits at levels comparable to December 2024.
The overall profit realization remains approximately 39% lower than the peak daily profit-taking average last month, when ETH was trading near $3,500.
Currently, Ether is up 43% over the past 30 days, trading at $4,283, according to Nansen.
Despite this surge, ETH is still trading about 12.7% below its all-time high of $4,828, last seen in November 2021. Market sentiment suggests traders are hesitant about a near-term return to that level.
CoinGlass data indicates that approximately $2.23 billion in positions could be liquidated if the price approaches $4,700.
This hesitancy may stem from earlier market sentiment, particularly after Ether fell below $2,000 in March. Several rally attempts fizzled before the current surge, catching many traders off guard.
On Saturday, BitMEX co-founder and Bitcoin billionaire Arthur Hayes stated he had re-entered Ethereum just a week after selling $10.5 million when it was trading at $3,507.
$4.3K Is Now a Key Level for Ether to Surpass
Since Sunday, ETH has briefly surpassed $4,300 multiple times, only to dip back below this level.
This fluctuation occurs amid growing institutional interest in Ether, although analysts remain divided on whether prices will continue to rise.
Santiment analyst Brian Quinlivan noted that public announcements of significant institutional buys can trigger FOMO, potentially stalling or even pushing Ether’s price down.
Coinotag reported that the total Ether held by companies with crypto treasuries has increased to 3.04 million ETH, valued at approximately $13 billion.
Frequently Asked Questions
What is the current price of Ether?
As of now, Ether is trading at approximately $4,283, reflecting a significant increase over the past month.
How much are short-term holders profiting from Ether?
Short-term Ether holders are realizing profits at a rate of about $553 million per day, indicating strong market activity.
Key Takeaways
- Profit Realization: Short-term holders are cashing in significantly, with daily profits around $553 million.
- Market Sentiment: There is hesitancy among traders regarding future price movements, particularly around the $4,300 mark.
- Institutional Interest: Growing institutional interest may influence Ether’s price trajectory in the coming weeks.
Conclusion
In summary, Ethereum short-term holders are actively taking profits as ETH experiences a notable price surge. With current trading around $4,283, market sentiment remains cautious. The future trajectory of Ether will depend on institutional interest and overall market conditions.
