Ethereum is showing resilience in the current market, holding above the $4,500 level after weeks of steady momentum. The second-largest cryptocurrency has maintained a bullish structure, but buyers are now struggling to break past the $4,750 resistance zone, a level that has become a critical short-term test. While fundamentals remain solid, the hesitation at this threshold has prompted some analysts to warn of growing risks as Ethereum approaches historically significant levels.

Data from CryptoQuant adds weight to this cautious outlook. The firm reports that the unrealized profit of Ethereum wallets holding between 10,000 and 100,000 ETH has surged to levels not seen since November 2021, when ETH reached its all-time high. This means mid-sized whales are now sitting on significant paper

See Full Page