Yi Lihua Breaks Even on 626,574 ETH as Crypto Whales Navigate Market Volatility

A major ETH holder, Yi Lihua, has now recovered all unrealized losses on the 626,574 ETH held, marking a significant milestone in the ongoing recovery of Ether prices. This development comes amid broader market activity from large institutional and retail investors seeking to capitalize on shifting crypto dynamics.

Blockchain analytics firms have noted a similar trend with other large ETH holders, including a $10B Hyperunit whale whose long position is nearly back to break-even levels. The whale's position has rebounded by nearly $70 million since hitting its lowest point, signaling a potential stabilization in the market.

Another prominent player, a $11B Bitcoin whale, has recently sold $330M in ETH and opened three leveraged long positions totaling $748 million. This move underscores the aggressive positioning among top crypto investors who see potential for a rebound in 2026.

Why Did This Happen?

Ether's price has remained above the $2,500 support level, which analysts have identified as a key indicator for the broader recovery. The formation of an inverse head and shoulders pattern on higher time frame charts has further reinforced this view. The pattern suggests that as long as the price remains above $2,500, the potential for a reversal remains intact.

The recent rebound in large ETH positions is not isolated. Whale activity has increased, with some acquiring up to $7.43 million in spot ETH over the past week. However, while whale buying has accelerated, smart money traders remain net short on Ether, indicating a divergence in market sentiment.

How Did Markets React?

Ether's price action has drawn attention from both institutional and retail investors. As of January 3, ETH was trading near $3,038, with key levels remaining in focus. Analysts have noted that further price confirmation above the rising neckline of the inverse head and shoulders pattern would strengthen the bullish case for the asset.

The broader crypto market ended 2025 in a consolidation phase, with Bitcoin and XRP failing to break out. Altcoins have lagged, and capital has shifted toward safer assets like silver, signaling a reduced appetite for risk in the market.

What Are Analysts Watching Next?

Market observers are closely monitoring the $2,500 level for ETH and the $3,147 mark for Bitcoin, where a major whale opened a $598 million long position according to recent reports. These levels are seen as critical decision points that could determine the direction of the market in the coming months.

Bitcoin's price trajectory is also under scrutiny, with some analysts expecting it to bottom out near $60,000 in Q4 2026. While short-term volatility remains a concern, long-term bullish sentiment is still intact, particularly if the Federal Reserve's policy shifts create a more favorable environment for risk assets.

Overall, the market is entering a period of cautious optimism. Large investors are positioning for potential rebounds, while traders and analysts remain on the lookout for key price levels that could trigger further moves in either direction.