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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