Ethereum price continues to fluctuate around the $2,000 psychological level today, currently at approximately $1,988, up about 1.1% over the past 24 hours. Despite the slight price increase, on-chain data reveals a historic signal: for the first time in this cycle, all major ETH holder groups—from 1K–10K wallets to 100K+ addresses—are in unrealized losses. This phenomenon is highly significant. Historically, large holders tend to remain profitable during market corrections, providing long-term support for the price. However, the current pullback has caused even the most steadfast holders to dip below the breakeven point, reflecting "overall market pressure" rather than just retail shakeouts.

Analysts point out that similar resets in past cycles often precede major trend reversals—but only after volatility peaks and selling pressure subsides. If ETH can stabilize within the current range and whales resume accumulation, this zone could evolve into a long-term bottom; but if weakness persists, consolidation may be prolonged.

Key Points
Price Performance: ETH at $1988, holding the $2000 level, up 1.1% in 24 hours.
Historic Signal: All whale groups are in unrealized losses for the first time, indicating peak market pressure.
Cycle Insight: Similar resets have historically preceded trend reversals, but only after volatility peaks and selling ends.