Key Insights:
- Ethereum price fell 4.73% in 24 hours and 4.22% over the past week.
- ETH funds recorded about $205M weekly inflows; AUM stood near $34.5B.
- Ethereum DeFi held roughly $86B TVL; stablecoin supply was about $163B.
On October 21, 2025, the Ethereum price was around $3,884 at the time of writing. The token dropped 4.73% in the last 24 hours and 4.22% over the past week, extending its one-month decline to about 13.37%.
However, despite the dip, the large holders remained confident, and fund inflows rose as Ethereum’s DeFi base stayed active.
Ethereum Price Dips, Can it Recover?
The market treated the $4,000 mark as a short-term ceiling in recent sessions of Ethereum price. ETH price attempts failed several times at that level.
Traders said the zone near $3,900 acted as a weak support. The broader structure reflected a market in consolidation after several weeks of decline.
Market structure often changed when resistance turned into support. That shift usually signaled improving demand, though recent weakness showed uncertainty around the current zone.
Whales, or large holders, added exposure during this consolidation of Ethereum. Their activity is often clustered at major levels.
Funds and on-chain data pointed to the same picture. The accumulation trend supported the broader backdrop for ETH.
Additional context helped explain why these levels mattered. Support described a price area where buyers outnumbered sellers.
Resistance is the opposite condition. Prior resistance often became new support after a breakout. That flip suggested that fresh buyers stepped in near the old ceiling.
It also suggested that earlier sellers had reduced pressure.
ETH Price Finds Support Near $3,900
BitMine said it purchased more than 200,000 ETH last week. The firm disclosed the buys early Monday, citing execution across several wallets.
On-chain watchers linked three new addresses to BitMine. Those addresses received roughly $250 Million worth of Ethereum in one session.
Large holders often scaled orders to avoid slippage. They tended to split purchases across multiple wallets to keep execution efficient.
Whale buying often showed long-horizon positioning. Such orders tended to arrive when prices parked near strong levels.
Investment products tracking ETH also drew cash. Managers recorded about $205 Million in net inflows last week.
Those flows lifted year-to-date inflows to about $14.2 Billion. Total assets under management reached roughly $34.5 Billion.
AUM moved with both flows and price changes. Rising AUM, paired with new units created, pointed to sustained demand, which could trigger a strong recovery in Ethereum price.
Rising fund assets reflected steady institutional interest. Investors favored liquid structures that enabled simple exposure to Ether.
Ethereum’s application layer remained deep and active. DeFiLlama data showed about $86 Billion in total value locked on Ethereum.
Stablecoins issued on the network carried around $163 Billion in value. Liquidity across lending, exchanges, and staking stayed broad.
Developers also highlighted the role of Layer 2 networks. Platforms such as Arbitrum, Base, and Optimism processed high volumes at lower cost.
Lower fees supported retail and arbitrage activity. They also kept decentralized exchanges liquid during higher volatility.
A strong base of users and developers typically helps maintain price stability. That foundation also absorbed volatility during choppy periods.
What Lies Ahead for Ethereum Price?
Technical signals offered a clear roadmap for Ethereum price. Bollinger Bands on daily charts had tightened into a squeeze.
Bollinger Bands measure volatility around a moving average. Tight bands often preceded larger moves as volatility reverted.
Analysts watched a midline within the bands as a bias gauge. Reclaims above that midline are often aligned with improving momentum.
Charts also showed a “W” bottom forming. A “W” bottom described two similar troughs with a rally in between.
Traders read that pattern as an accumulation signal. The setup suggested that buyers defended dips near the same area of ETH price.
One market analyst said the rebound from the channel’s lower boundary looked constructive. The same analyst saw room for about $4,400 if momentum held.
However, Ethereum price needed confirmation before a stronger trend developed. A daily close above $4,000 would have signaled that buyers controlled the tape.
A failure to hold $3,900 would have weakened the structure. Such a move would have returned the price to the prior range.
Apart from the charts, flows still mattered. Sustained net inflows into ETH funds would have supported demand.
Whale activity also remained a key input. Continued accumulation from large holders would have added to liquidity and confidence.
Network usage formed the third pillar. High DeFi activity and stablecoin supply would have reinforced the bull case.
Traders monitored those three drivers together. Alignment across them often produced stronger directional moves.
Macro conditions still influenced digital assets. Dollar strength, bond yields, and equity swings shaped flows into tokens.
In short, the Ethereum price structure stayed constructive while support held near $3,900. Confirmation required higher closes and follow-through volume.
Source: https://www.thecoinrepublic.com/2025/10/21/ethereum-price-slips-but-these-developments-hint-at-a-robust-eth-recovery/
