Ethereum: 9.9M ETH addresses flip profitable—Will they sell?

• Ethereum saw another $100 million smart money boost.
• With 66% of addresses in profit, can it stop another pullback?

Ethereum’s[ETH] 5.23% surge in 24 hours is no fluke – smart money is flowing in.

With a 30% volume spike and the $2.5K dip snapped up, the question is how high can this rally go?

Will ETH shatter expectations?

Risk appetite is creeping back as futures traders crank up leverage

. In just one day, $37.21 million in Ethereum shorts got wiped out, at press time, with over $1.5 billion in new positions opened.

Whales and institutions saw it coming. Smart money has been loading up on ETH, injecting an additional $100 million into the market. The result was a crucial save.

Just as ETH looked set to retrace to pre-election levels, aggressive buyouts held $2.5K as solid support. This 32% drop from its $4,016 post-election peak was pure profit-taking, with over 95% of HODLers in profit.

Now, that number has slipped to just 66%. However, history suggests it’s still not low enough for a true bottom, keeping Ethereum at risk of another pullback, especially with market FUD still looming.

So, is more pain ahead for Ethereum?

ETH/BTC just hit a three-year low – but now, a bullish reversal is underway. With the MACD turning green and Bitcoin[BTC] consolidating, it looks like investors are eyeing Ethereum for rotation.

Yet, despite ETH’s 5% surge, exchange reserves have jumped over 4%, signaling traders aren’t in full HODL mode just yet.

A pullback seems inevitable. A staggering 9.9 million addresses, holding 62.14 million ETH, just flipped into profit at $2,560. That’s $1.5 billion primed for a potential sell-off.

The real question? Can smart money keep Ethereum in consolidation before a breakout, or will fading greed and creeping fear send it tumbling back to $2,200? 

The days ahead will decide – but right now, the odds favor the latter.