Ethereum (ETH) Price Flashes Weekly Buy Signal As Whale Bets Big on Rebound

Ethereum (ETH) price has demonstrated initial evidence of market recovery by ending the week with a 2.03% gain after a long period of drop. The “9” signal of TD Sequential on the weekly chart indicated possible declining weakness in the ongoing downtrend.

One whale invested $12.6 million in Ethereum contracts using financial leverage. It signals the approval of market recovery.

ETH Price Weekly TD Signals Possible Reversal After Downtrend

Ethereum (ETH) price closed the past week at $1,629.36, up 2.03%, after a long period of downward movement. The market showed a minor uptrend following a consecutive eight-week mostly bearish price pattern, indicating a possible loss of control among sellers.

In the weekly chart, Ethereum price displayed a “9” on its TD Sequential indicator. It typically alerts traders of a trend shift during extended price declines.

This technical pattern appeared as ETH formed two consecutive white candles with small bodies after a steady sequence of stronger black candles. The sign indicated that Ethereum price might be recovering from its decline while maintaining positions above $1,550.

An early indication of bullish transformation emerged through the black arrow marker identified on the chart.

The value of Ethereum reached below $1,500 during the previous two months, although the recent market recovery has brought back optimism. The successful maintenance of Ethereum’s vital support, combined with weekly TD9 pattern formation, added additional weight to the likelihood of a direction change.

Whale Opens $12.6M ETH Long Position with 5x Leverage, Signaling High Conviction

The HyperLiquid trading platform attracted analyst’s attention when a significant $12.6 million purchase of Ethereum began. The wallet placed a $6.05 million total value transaction through perpetual futures contracts as its primary investment. Through 5x cross-leverage, the trader acquired a long ETH-USD position that controlled 7,743.35 ETH.

The investment in this market position started at $1,624.44 when Ethereum price traded at $ 1,641.28 during the writing period. The current profit from this position reached $48,396.35 before any gains were withdrawn.

This trade had a liquidation threshold of $866.98, which indicated ample room before a forced stoppage happened.

The statistics from Lookonchain showed a different Ethereum whale acquiring 20,161 ETH. This purchase amounted to $32.7 million through two blockchain transactions.

The investor moved 15,953 ETH from OKX to Aave before obtaining 15.4 million USDT, which was returned to OKX. The whale carried out two extra transactions through different wallets to buy 4,208 ETH while obtaining a 4.85 million USD credit.

Ethereum Price Retested Key Support Levels, Indicating a Possible Bottom Formation

Ethereum holders maintained 822,443 ETH worth $1,500-$1,550 on April 13th, 2025, according to the Glassnode Cumulative Bin Distribution heatmap. The $1,500–$1,550 segment created future support to aid Ethereum price bounce-back from its April decline at $1,383.

The previous two accumulation activities, which targeted $1,900 and $2,000, formed strong resistance zones. Those resistance zones appeared as dark red bands on the map.

Ethereum price dropped through $1,500, resulting in value levels below $1,500 as the price fell from $2,100. The price resistance level at $1,650 stopped Ethereum from breaking through this point in any attempt to increase value.

A sudden 10% price decline caused extensive selling activities. That drained the entire Fair Value Gap section.

During this period, Ethereum price reached the “golden pocket” within the Fibonacci retracement zone, which hovered near $1,724. A price point above $1,724 represented essential resistance, threatening to push ETH lower than $1,400 based on market indecision.

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