Ethereum ETF Flows Signal a 10% Price Recovery

Ethereum is trading near $1,960, up 2.7% over the past seven days but down 1.8% in the last 24 hours. ETF flows have turned positive for two consecutive weeks after a stretch of outflows — the same flip that previously preceded an 11.6% surge and a 7.1% rise, averaging about a 10% bounce.

A bullish RSI divergence on the daily chart supports the case for a recovery. Between January 25 and March 3 the price made a lower low while the RSI printed a higher low, and the March 3 candle shows a swing low via its wick. If the next candle breaks below $1,920 that immediate bounce case would weaken, although the broader divergence structure would remain intact.

Glassnode’s URPD highlights resistance clusters that map onto Fibonacci levels. A supply cluster near $2,020 holds roughly 1.47% of ETH, and a denser zone between $2,120 and $2,170 contains about 1.5% combined. The first barrier sits near $2,040 (0.236 Fib) and the key recovery target aligns at $2,140 — roughly a 10% gain from the February 20 ETF flip level of $1,970.

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