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- Ethereum remains bearish as major holders face losses, adding selling pressure.
- ETH/BTC decline and market uncertainty increase volatility and risk.
- The market may recover or drop further based on sentiment and regulations.
Ethereum is in bearish territory based on the largest investors’ unrealized profits, which are still in the bear market era. However, many big holders now at a price-near-doubling level have similar profit margins, which leads to more negative concerns about their short-term position.
In a recent X post, analytical firm CryptoQuant highlighted that the ETH/BTC ratio has been on the decline, which puts more pressure on the market. At the same time, fear, uncertainty, and doubt are increasing, which causes price patterns to show even greater volatility. Investors closely watch these areas as Ethereum has stagnated for quite some time after stagnating.
Ethereum’s distribution of holders by their number of coins reveals that the so-called ‘whale’, those holding between 1K and 10K ETH, is now in negative unrealized profit. These individuals currently hold assets at a loss, which was last witnessed when the market was in the bear trend. The trend shows that large holders are coming under pressure, which will soon test the large holders in Ethereum.
Ethereum Faces Volatility
Market volatility and selling pressure are the major issues that Ethereum is currently facing after a volatile market changes. Investors are wary since this price volatility does not allow for the definition of the trend direction of the market’s next step. Experts consider this phase the signal of a reversal to the upside that signifies a market bottom, while others view it as a possibility of further downside moves.
This rather sharp shift in whale profits can be considered significant in terms of emphasizing the fluctuation of the cryptocurrency market and the larger shares that may be held by certain investors, or whales. Ethereum’s stagnation may occur at a time when the whole cryptocurrency market is experiencing fluctuations.
This is usually the situation that defines the future of any cryptocurrency, and the same applies to Ethereum. Specifically, the market participants will look forward to indications that suggest a possible stabilization or even a rebound of the market. There is an opportunity for Ethereum to advance if the situation changes for the better, and if unsure, more declines could occur in the future.
