Ethereum is following a wider cryptocurrency rally and has grown 38.2% over the past week as new momentum grows. At the time of writing, ETH traded above $2,400, continuing its upward trajectory and closing the gap between its current price and the all-time high of $4,878 recorded in 2021.
The asset’s recent performance aligns with Bitcoin and other major cryptocurrencies, thus benefiting from recovery of market confidence.
Activities on the chain also began to reflect these price changes, especially among Ethereum Starks. According to data shared by CryptoQuant contributor Carmelo Alemán, Ethereum Starks returned to their unrealized profit status after a long period of loss.
Analysts point out that this shift may play a role in shaping the next phase of Ethereum market dynamics as points participants regain confidence in the long-term prospects of the network.
Prices and stakeholder sentiment
Alemán in his post titled “From Red to Green: Starks in Ethereum restore profit.”
This difference is essential for understanding metrics such as realizing prices, which calculates the average acquisition cost for a given kind. Ethereum’s Starks have been operating at unrealized losses since March 3, 2025, with the realized price of $2,279 and the market price fell to $2,149.
However, this changed on May 9, 2025, when ETH’s market price reached $2,297, pushing a fixed queue toward profitability. At that moment, the updated implementation price was $2,276, indicating that most of the fixed tokens once again exceeded their cost base.
New profitability can reduce sales pressure and strengthen the determination of validators and long-term holders who form the backbone of Ethereum’s validation proof consensus model.
Impact on the Ethereum ecosystem
Unrealized profit recovery among Ethereum Starks may indicate a broader positive implication for the network. Alemán stressed that Staked Eth is not only held by individuals seeking yields, but also plays a crucial role in maintaining Ethereum’s cybersecurity through validator participation.
Transfers to profit areas may encourage new accumulation activities while preventing premature extraction or profitability, thereby stabilizing the supply side of the market.
In addition to individual stakers, institutional and Tier 2 protocol participants can interpret this trend as a bullish indicator of Ethereum’s future trajectory. Alemán points out:
This price recovery has the potential to trigger a wave of new accumulation and participation in the network, further enhancing its security and long-term stability. If ETH sticks to this upward trend, we may witness the start of a new bullish cycle for Ethereum and its most dedicated actors, including L2 solutions and other ecosystem players.
Feature images created with DALL-E, TradingView’s chart
