• Ethereum’s unrealized profits have dropped to bear market levels, increasing market volatility and investor uncertainty.
• Mid-tier Ethereum holders face losses, weakening investor confidence as the ETH/BTC ratio remains low and pressure builds.
• Ethereum is testing $2,210 resistance; a breakout could push prices to $2,325, but failure may trigger another decline

Ethereum lost its footing following other large traders seeing their unrealized gains return to depths last witnessed during the bear market period. Although the market hit almost twice the average value it reached in the previous bear market, most major holders are now back to where they started. This directs to an even higher volatility in the market along with an increase in risk in the economy and/or uncertainty in the market.  

In a recent X post, analytical paltfrom Crypto Quant analysts revealed that the ratio between Ethereum and Bitcoin has remained low adding pressure to the ETH price. Fluctuations in price have therefore been exacerbated by fear, uncertainty and doubt (FUD) that has characterized the market in the recent past. Mid-tier investors, those with between 1,000 and 10,000 ETH, have fallen into an unrealized loss position, so a large number of them are now in the red. This implies a relatively lower level of confidence among the investors in whale.  

Ethereum has recently displayed some trading rally as it strives to gain some ground that it lost in the past. The cryptocurrency has been trading around the resistance level of $2,228 – a very important level that may define further movement. This level might lead to a bullish run if it breaks out in the positive territory with substantial buying pressure. A consolidation with prices moving above this level may bring congestion to $2,325, which would serve as a source of hope for traders.  

Despite this, the market has not been fully explored even with the potential that lies within it. A downturn may be in line if Ethereum remains below the key levels further. The Whale level intimated uncertainty, conspicuous by its failure to display the confidence in the direction that will hold in the long-term. Institutional support is critical in ensuring that Ethereum gains and sustains the upward trend we are likely to witness in its growth.  

Some of the trends that traders should keep an eye on is whether ETH is going to confirm the next direction. Such a breakout above resistance can bring renewed optimism on the side of the bulls. Though, failure to maintain such trends augur another round of declines about which the near-term sustainability of Ethereum could be a worry. Market participants proceed with careful approach to decide whether the coin could recover.