
ETH spot net outflows hit 7-month lows before $4,147 price rebound, hinting buyer return.
50% Fib retracement and $3,116 SMA fueled a swift 20% bounce after Friday’s crash.
If ETH clears $4,265 resistance, a rally toward $4,455 could unfold amid fading bear signals.
Ethereum’s price story took a dramatic turn this week, as ETH surged 8.28% in 24 hours. And erased losses from Friday’s historic crypto crash. What set the recovery was a combination of macroeconomic relief and technical opportunity. President Trump’s remarks with China helped calm global trade fears and sparked risk appetite.
This is while over $19 billion in crypto liquidations removed excess leverage, making the way for a rebound. With active traders piling back into ETH near psychologically important support levels, Ethereum’s price action now sits at a pivotal crossroads.
ETH Spot Inflow/Outflow:
The latest in/outflow data by CoinGlass shows a deepening pattern of net outflows during September and early October. This marked a 7-month low for ETH exchange balances. Successively, this trend signals that long-term holders and large traders pulled ETH off exchanges as prices fell.
Thereby, drawing down the available supply for spot buyers. Steep net outflows often come before relief rallies, as coins migrating off exchanges can indicate reduced selling pressure.
ETH Price Action:
ETH’s price movement has been anchored by its 50% Fib retracement at $4,111 and the 200-day SMA support near $3,116. This collectively stopped the post-crash bleeding and triggered an impressive 20% bounce from Friday’s low. Indicators like the MACD histogram (-44.48) are hinting that bearish forces are fading. While the RSI at 46.85 avoids oversold territory.
Digging deep into technicals, the primary challenge now is the overhead resistance at the 38.2% Fibonacci level ($4,265). If Ethereum price closes above this mark, a run toward the next resistance at $4,455 is possible. Still, traders should watch for profit-taking near upper bands.
FAQs
The rally was fueled by macro risk relief as Trump eased US and China tensions and by liquidation-driven leverage resets that cleared excess risk across crypto markets.
Key supports are at $4,111 and $3,116. Resistance lies at the $4,265 mark, a breakout could target $4,455.
Heavy recent outflows suggest reduced selling pressure and buyer conviction, but further gains depend on ETH clearing overhead resistance.
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