- Ethereum profitability nears all-time highs, signaling reduced selling pressure ahead
- Inverse head and shoulders breakout targets $6K if volume and support zones hold
- ETH/BTC rebound and ETF staking hype boost institutional confidence in Ethereum
Ethereum is once again commanding attention as it hovers near the $3,000 mark, a level it hasn’t closed above since late January. This resurgence marks a significant shift in market sentiment and investor confidence. With strong technical support, bullish chart patterns, and growing anticipation around ETF-related staking, Ethereum could be setting the stage for its next major rally.
Majority of Ethereum Holders Now in Profit
According to Santiment, nearly 80% of Ethereum’s circulating supply is now in profit. Out of the total 155.04 million ETH in existence, 124.13 million are currently valued above their acquisition price.
This is the highest level of profitability since January 2025, reflecting strong upward momentum. The current total ETH supply in profit is only 13 million short of the all-time high of 137.17 million reached in December 2024.
This rising profitability underscores a key psychological shift. When a significant majority of token holders are in the green, they’re less likely to sell, reducing selling pressure. Besides, this signals growing faith in Ethereum’s long-term potential, especially as it builds support above the critical $2,800 level.
📈 Ethereum has spent Friday crossing above and below a $3,000 market value, with the potential to close the day above this key level for the first time since the January 31st close.
— Santiment (@santimentfeed) July 11, 2025
Among all $ETH and the prices they were at when first originated, 124.13M of the total 155.04M… pic.twitter.com/YfQM1YV8Qo
Key Technical Levels Point to Continued Momentum
Renowned analyst TedPillows emphasized Ethereum’s recent breakout above the $2,800 resistance zone, now acting as firm support. This region served as a major roadblock in past months, and its successful breach signals renewed strength.
Price action has since confirmed a clean retest, which often precedes further rallies. The next major resistance lies near $4,000, a level Ethereum may target if it consolidates above $2,800.
$ETH broke key $2,800 resistance and is showing strength.
— Ted (@TedPillows) July 11, 2025
Ethereum is going to $4,000. 🚀 pic.twitter.com/nUbD4IdxML
CryptoPatel highlighted a bullish inverse head and shoulders pattern forming on ETH’s price chart. The neckline at $2,867.30 was recently breached, confirming the pattern. Based on this formation, a potential target as high as $6,000 could be in play, provided volume supports the move and key support zones near $2,400 hold.
ETH/BTC Strength and ETF Staking Hype
Michaël van de Poppe analyzed the ETH/BTC pair, noting a 48% rebound from a critical support zone. Ethereum has broken past resistance levels, now consolidating just below 0.02601 BTC.
If Ethereum breaks above this final barrier, a major leg higher could follow. Expectations of Ethereum staking support within upcoming ETFs are also fueling optimism, possibly triggering renewed interest from institutional players.
However, Ethereum did dip slightly today, falling 1.72% to $2,970.71. Despite this, the 7-day performance remains strong, posting an 18.06% gain.
