ETH Long-Term Holders Turn Confident, Short-Term Traders Take Profits

Ethereum ETH $4 303 24h volatility: 0.6% Market cap: $519.53 B Vol. 24h: $38.79 B current price action has the market split into two halves: believers and profit-takers. ETH has been holding strong, trading flat around $4,280. However, on-chain data suggests that while seasoned holders are keeping their coins close, short-term traders are cashing out.

Glassnode reports that short-term holders, wallets holding ETH for less than 155 days, are booking profits at an average pace of $553 million a day over the past week. That’s not far from July’s $771 million daily peak, when Ethereum was still under $3,600.

$ETH profit realization (7D SMA) peaked at $771M/day in July, above Dec ‘24 levels, and is now ramping up again at $553M/day. Profits from long-term holders match Dec ‘24 levels, but short-term investors are realizing far more gains, driving the current wave. pic.twitter.com/fsoBOrUTyF

— glassnode (@glassnode) August 11, 2025

Ethereum Long-Term Holders Turn Believers

On the other hand, Ether long-term holders seem to be playing the patience game. Their profit-taking levels remain similar to those seen in December 2024, indicating confidence in the crypto’s medium-to-long-term trajectory..

According to Glassnode’s long-term holder Net Unrealized Profit/Loss (NUPL) metric, these investors have made the psychological leap from “capitulation” in April to “belief” this August.

Long-term #Ethereum $ETH holders have gone from "capitulation" to "belief" in the last four months! pic.twitter.com/7cvOVbxIah

— Ali (@ali_charts) August 12, 2025

This transition underscores renewed optimism among committed investors, even as ETH remains 12.28% below its all-time high of $4,828, recorded in November 2021.

Recent data shared by analyst Ali Martinez suggests that the next key resistance levels lie at $5,210 and $6,946, based on Ethereum’s pricing bands.

$5,210 and $6,946 are the next targets for Ethereum $ETH, according to the Pricing Bands. pic.twitter.com/hKJNn0RKYF

— Ali (@ali_charts) August 12, 2025

However, data from CoinGlass warns that a push toward $4,700 could trigger $2.23 billion worth of leveraged position liquidations.

ETH Price Outlook

In the past year, Ether has surged over 68%, becoming one of the best crypto to buy in 2025.

On the daily chart, ETH is trading near the upper Bollinger Band, signaling potential overextension. The mid-band (20-day SMA) around $3,823 acts as immediate support. A sustained break above $4,336 could lead the second-largest cryptocurrency to $4,700 and $5,210.

The RSI is indicating overbought conditions that may lead to a short-term pullback. If ETH faces sell-side pressure and drops below $4,100, traders might risk revisiting $3,800 support.

The overall market is still 39% lower than its July’s profit-taking peak, but the gap between short-term sellers and long-term holders is widening. That tug-of-war could set up some sharp Ether price moves in the near term.

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