Key Notes

The Ethereum ICO whale has minted an overall profit of about $366.8 million, generating a total of 11,835x returns.

Glassnode data shows that 98% of ETH supply is currently in profit, its highest level in two years, raising the likelihood of profit-taking.

Analysts warn that current levels are not ideal for entry and suggested a correction to $4,200 or $3,800.

Ethereum ETH $4 620 24h volatility: 0.5% Market cap: $557.29 B Vol. 24h: $66.57 B ICO-era whales are cashing in as the price struggles to break its all-time high of $4,891.

On-chain data shows that 98% of Ethereum is currently in profit, raising the likelihood of profit-taking. The price has pulled back 1% in the last 24 hours and is now finding support around $4,600.

Ethereum ICO Whale C

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