Unrealized profits for Ethereum whales holding between 10,000 and 100,000 ETH have surged to levels not seen since November 2021, according to CryptoQuant analyst CryptoOnchain. This period coincides with Ethereum's all-time high, indicating that these medium-sized whales are currently sitting on substantial paper gains. Historically, such high unrealized profits have been linked to increased selling pressure or profit-taking, which can influence market trends. While this does not guarantee an immediate market correction, the behavior of these whales could significantly impact Ethereum's price movements.