Ethereum (ETH) is profitable again, is this the start of a new bullish cycle?
Jakarta, Pintu News – Ethereum (ETH) is following the crypto market’s upward trend with renewed momentum, registering a 38.2% increase in the past week. Currently, Ethereum (ETH) is trading above $2,400, continuing its uptrend and narrowing the gap between the current price and the all-time record high of $4,878 recorded in 2021.
Ethereum (ETH) Recent Performance

Ethereum’s (ETH) recent performance has put it on par with Bitcoin (BTC) and other major cryptocurrencies, benefiting from restored market confidence. On-chain activity has also started to reflect this price movement, especially among Ethereum (ETH) stakers.
According to data shared by CryptoQuant contributor Carmelo Alemán, Ethereum (ETH) stakers have returned to the zone of unrealized gains after a long period of holding losses. This change, according to the analyst, could play a role in shaping the next phase of Ethereum (ETH) market dynamics as staking participants regain confidence in the network’s long-term prospects.
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Realized Price and Shareholder Sentiment
In his post titled “From Red to Green: Ethereum (ETH) Stakers Return to Profit”, Alemán explains that staked tokens behave differently from the regular circulating supply, remaining static and thus excluded from metrics that rely on liquidity or transfer activity.
This distinction is important in understanding metrics like Realized Price, which calculates the average acquisition cost of a given cohort. Since March 3, 2025, the Ethereum (ETH) staker has been operating under unrealized losses, with a Realized Price of $2,279 and a market price down to $2,149.
However, that changed on May 9, 2025, when the market price of Ethereum (ETH) reached $2,297, pushing the staked cohort back into the profit zone. At the time, the updated Realized Price stood at $2,276, indicating that most of the staked tokens were once again held above their cost basis.
Impact on the Ethereum Ecosystem (ETH)

A return to the zone of unrealized gains among Ethereum (ETH) stakers may signal broader positive implications for the network. Alemán emphasized that staked ETH is not only held by individuals seeking yield, but also plays an important role in maintaining the security of the Ethereum (ETH) network through the participation of validators.
The shift back into the profit zone may encourage new staking activity while reducing premature withdrawals or profit-taking, helping to stabilize the supply side of the market. In addition to individual stakers, institutions and Layer 2 protocol participants might interpret this trend as a bullish indicator for Ethereum’s (ETH) future trajectory.
Alemán notes: This type of price recovery could potentially trigger a new wave of accumulation and participation in the network, further enhancing its long-term security and stability. If ETH maintains this uptrend, we may be witnessing the beginning of a new bullish cycle for Ethereum (ETH) and its most committed actors, including L2 solutions and other ecosystem players.
Conclusion
By returning to the profit zone, Ethereum (ETH) shows potential that is not only favorable for stakers but also promising for the entire ecosystem. This price increase could be a turning point that marks the beginning of a new and sustainable growth phase for Ethereum (ETH) and all parties involved.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- NewsBTC. Ethereum Stakers Enter Profit Zone as Price Climbs Above $2400. Accessed on May 13, 2025
- Featured Image: Generated by AI