Ethereum investors got cold feet and rushed to make a profit

In August, Ethereum owners began actively taking profits, probably fearing an upcoming dump.

The value of ETH sold by short-term investors who hold coins for a maximum of six months reached a historic peak in late July, when the cryptocurrency fluctuated between $3,500 and $3,800. Apparently, traders thought that the peak had already been reached, and they were recording profits of an average of $771 million per day.

After the Ethereum price decline, traders’ activity slowed down, but the altcoin’s subsequent rise to $4,200 and above again caused a surge in coin sales. Therefore, the average realized profit in August is $553 million per day.

Change in the Ethereum rate (black line) and the size of the fixed profit (color chart)

It is noteworthy that long-term investors are not in a hurry to part with the cryptocurrency. The size of the profit they realized coincides with the figure recorded in December 2024, when ETH trading volume was quite low. This fact suggests that “strong hands” predict a continuation of the bullish rally.

On the daily chart of Ethereum price fluctuations, the RSI index is in the overbought zone, but barely exceeds its lower limit. In this regard, kriptovalyuta could well rise to $4,500 or even higher. Accordingly, long-term investors’ bet on further growth of the coin’s rate will probably turn out to be a winning one.

RSI Index Fluctuations on Ethereum Chart

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