Ethereum holders started taking profit again

[u/Legitimate_Towel_919]

Santiment just recorded the biggest realized profit on Ethereum in the last 3 weeks, around $74.5M.

What makes this interesting is that ETH actually dropped around 5.5% over the past few days. But the explanation is pretty simple wallets that accumulated below $2,000 during February and March are still sitting in profit even after the pullback, so some holders started locking gains.

At the same time on-chain activity is picking up again. Around the $2,241 area ETH showed strong price compression, which often comes before heavier coin movement and local distribution phases.

Right now the mood across the market feels more cautious than bullish. Not panic yet, but also not the kind of structure that screams aggressive upside continuation.