BREAKING: Ethereum (ETH) is experiencing a significant recovery, poised to achieve its first weekly gain since October. As of today, ETH is trading at $3,050 and is testing crucial resistance at $3,100.
This surge comes as exchange withdrawals reach a record high, with net outflows exceeding 180,000 ETH just yesterday, signaling a shift in investor sentiment. More investors are moving their assets to private wallets, indicating a preference for long-term holding strategies.
Ethereum’s ability to reclaim the $2,850 support level has sparked renewed buying pressure, overpowering previous selling trends. Institutional interest is also climbing, as Ethereum exchange-traded funds (ETFs) have reported $292 million in net inflows over the past four days, the first positive movement after an eight-day outflow streak, according to SoSoValue data.
On-chain metrics show a resurgence in activity, with active Ethereum addresses spiking to 601,000—the highest figure recorded in 2025. This uptick suggests that investors are returning to decentralized finance (DeFi) platforms, eager to capitalize on the recovering market.
The derivatives market reflects a shift as well, with Ethereum’s futures open interest stabilizing at 12.1 million ETH. Notably, short liquidations have dominated long positions, indicating a potential exhaustion of bearish sentiment among traders. This contrasts sharply with previous weeks and suggests a possible turning point for ETH.
The latest data reveals that Ethereum has bounced off the 200-week Exponential Moving Average, setting the stage for potential growth. Analysts are closely watching the resistance level at $3,100. A definitive break above this threshold could propel ETH towards the $3,470 mark.
Market indicators are turning bullish as the Relative Strength Index (RSI) stabilizes, and the Stochastic Oscillator is on the brink of crossing into positive territory, hinting at a decrease in bearish momentum.
In summary, Ethereum’s recent performance highlights a pivotal moment as it navigates critical price levels. Investors are urged to watch for further developments as the cryptocurrency landscape evolves rapidly.
Stay tuned for updates as Ethereum continues its march towards recovery and potential bullish trends.
