The unrealized profit ratio of whales holding more than 100,000 $ETH has exceeded zero, indicating a possible price rebound. This was pointed out by an analyst under the pseudonym CW.
Historically, after this group of investors returned to the breakeven zone, the rate $ETH increased by an average of 25% over three months. After six months, the asset showed a 50% increase, and after a year - a 300% increase.
When the pattern triggers, ETH quotes may approach the level of $2750 by June and exceed $3200 by September.
However, the unrealized profit indicator for whales is not flawless. It did not materialize in 2018 when $ETH fell by 17.5% a month after the metric reversal with a subsequent correction of almost 70%.
Other reversal signals
A user with the nickname Sky noticed that the current price around $2000 is a level where the highest trading volume is recorded. In his opinion, a bounce should occur at this point.
An analyst under the pseudonym James pointed to the continued dominance of ETH. The indicator broke through the local resistance zone and surged to 11%.
Investbank Citigroup has lowered its annual price forecast for Ethereum from $4304 to $3175. For Bitcoin, the estimate decreased from $143,000 to $112,000.
