Ethereum Pushes Past $2,500 While $408M Whale Exit Clouds Breakout

Ethereum (ETH) traded above $2,500 after a 4.1% daily gain, while improving holder profitability and ETF inflows competed with large-scale selling pressure.

Key Points:

• Ethereum traded at $2,508.45 after a 4.1% daily gain, reclaiming $2,500.
• MVRV crossed above 1.00 after 200 days below it, placing average holders back in unrealized profit.
• A $408 million whale exit and hacker-linked swaps kept selling pressure in focus despite ETF inflows.

CryptoQuant Profitability

Ethereum traded at $2,508.45 after breaking above the $2,500 resistance level, an area it had struggled to reclaim since February 2026. Media reported the move after a prolonged stretch of bearish pressure and consolidation rather than a sustained bullish advance.

Momentum indicators also improved as ETH’s relative strength index eased from overbought territory toward the 60-to-70 range. That still pointed to strong bullish momentum.

CryptoQuant data showed Ethereum’s market value to realized value ratio moved above 1.00 on Aug. 21 for the first time in 200 consecutive days. The shift came after ETH recovered above its reported realized price near $2,300, putting the average holder back into unrealized profit.

Ethereum Sell Pressure