The post Ethereum Price Could Be Headed For An Aggressive Recovery? appeared on BitcoinEthereumNews.com.

Ethereum price just concluded the week on a bearish leg after retreating by more than 15%. The Trump-induced crash on Friday accounted for the bulk of its downward trend. Fresh data suggests that the Ethereum price action might be on track to make a swift recovery despite the elevated tariff escalation concerns. Large order book data revealed that whales had about $45 million worth of net spot inflows in the last 24 hours. Things were more interesting on the derivatives segment where whales executed about $3.3 billion worth of ETH long positions during the same period. This confirmed that whales were betting on a price bounce back. In contrast, ETH price experienced over $677 million worth of net spot outflows on Thursday. This marked the highest daily outflows it has experienced in recent history. Spot flows were still negative in the last 24 hours, by about $234 million which was a noteworthy cool down compared to Friday. However, there were some observations which also highlighted the potential for a demand resurgence. Ethereum (ETH) Price Encounters Support on a Historically Significant Ascending Trend Line ETH price established an ascending bottom range since April which underpinned its bottom range after every major retracement this year. The cryptocurrency bounced off the same support line at least times in the past. ETH bears stopped in their tracks on the same ascending trend line after the Friday crash. This was followed by a rally attempt fueled by some accumulation. Ethereum ETH price crashed as low as $3,510 but recovered to a $3,741 press time price tag. ETH price/ source: TradingView ETH price also formed a bullish divergence with its RSI. The cryptocurrency’s latest local low was lower compared to its previous local low on 25 September. Meanwhile, its RSI was slightly higher compared to 25…

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Filed under: News - @ October 12, 2025 1:19 am