 ▲ Ethereum (ETH) |
Ethereum (ETH) has spectacularly reclaimed the psychological resistance level of $2,000, allowing a whale investor holding a massive long position to dramatically turn back into profit.
According to cryptocurrency media outlet U.Today on February 15 (local time), Ethereum, the second-largest digital asset by market capitalization, surpassed the key $2,000 threshold on Saturday, pushing a 105,000 ETH long position into profit. On-chain data analytics platform Lookonchain reported that a whale investor, believed to be associated with Matrixport, holds 105,000 ETH worth approximately $215 million. The position had once recorded losses exceeding $10 million but is now showing a profit of over $1 million. The whale’s entry price was $2,048, and the investor endured significant unrealized losses when Ethereum dropped as low as $1,901.
Ethereum’s latest rebound began at a low of $1,895 on February 12 and continued steadily over two days, briefly surging to an intraday high of $2,090. The rally is attributed to a lower-than-expected January Consumer Price Index (CPI), which strengthened expectations of an interest rate cut by the Federal Reserve and fueled optimism across the broader digital asset market. January CPI rose 2.4% year-over-year, marking the lowest level since May 2025 and boosting investor appetite for risk assets.
Cryptocurrency analyst Ted Pillows stated that after breaking above $2,000, Ethereum’s next challenge is to firmly reclaim the $2,100 zone. If it successfully secures that level, the price is likely to extend a full-scale rally toward the $2,300–$2,400 range. He further noted that if the ETH/BTC ratio, which measures Ethereum’s relative value against Bitcoin (BTC), breaks above its eight-year downtrend line, the market could witness an explosive upward move similar to what was previously seen in the silver market.
With both technical indicators and on-chain data pointing toward further upside potential for Ethereum, major capital holders are also becoming increasingly active. Lookonchain speculated that wallets transferring funds from the Tron network to Arbitrum and depositing them into Hyperliquid may belong to the same whale, suggesting that persistent institutional-level buying is supporting the market’s lower boundary. Ethereum is currently trading at around $2,033, up 7.15% over the past 24 hours, maintaining solid momentum.
In conclusion, Ethereum has reached a critical inflection point in its effort to break its long-term downtrend, supported by improving macroeconomic indicators and strong confidence from whale investors. The turnaround of a massive 105,000 ETH position into profit is seen as a symbolic signal that downside pressure in the market is easing. Investors should closely monitor whether Ethereum can break above $2,100 and shift into relative strength against Bitcoin, preparing for potentially significant price movements ahead.
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