Yeliz Akmaca 
Ethereum price rose 43% in the last 30 days, reaching $4,366. This sharp rally triggered profit-taking among short-term investors. On-chain data provider Glassnode reports an average daily profit-taking of $553 million over the past week. Most of this comes from investors who bought ETH recently.
Long-term holders are less aggressive. The profit-taking rate of investors holding ETH for more than 155 days remains around December 2024 levels. This is 39% lower compared to the highest daily profit-taking average seen last month when ETH was at $3,500.
ETH price currently trades 12.7% below its November 2021 peak of $4,828. According to CoinGlass, if the price reaches $4,700, around $2.23 billion worth of positions could be liquidated.
Increasing Institutional Demand Amid Price Resistance
ETH has recently crossed the $4,300 level multiple times but failed to hold above it. Meanwhile, institutional investors are increasing their Ether holdings. Companies with crypto treasuries now hold a total of 3.04 million ETH, equivalent to about $13 billion.
Additionally, BitMEX co-founder Arthur Hayes resumed Ethereum buying after selling $10.5 million last week. Hayes’ move is seen as a confidence signal for breaking the critical resistance.
Santiment analysts note that large institutional buys becoming public could trigger FOMO but may also lead to short-term price pauses or declines. The market remains cautious after failed rallies earlier this year.
Breaking above the $4,300 resistance zone could create new momentum in the market, opening fresh opportunities for both short- and long-term investors.
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