{"id":8737,"date":"2026-04-29T12:38:18","date_gmt":"2026-04-29T12:38:18","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=8737"},"modified":"2026-04-29T12:38:18","modified_gmt":"2026-04-29T12:38:18","slug":"aave-could-reclaim-100-as-focus-shifts-to-rebuilding-rseth-collateral","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=8737","title":{"rendered":"AAVE could reclaim $100 as focus shifts to rebuilding rsETH collateral"},"content":{"rendered":"<p><\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/a-trader-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/a-trader-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/a-trader-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2026\/04\/a-trader-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2026\/04\/a-trader.jpg\" alt=\"AAVE trades near $97 as markets watch a governance-led rsETH recovery proposal following the $246M Kelp DAO exploit.\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>&#13;<\/p>\n<li>AAVE price consolidates as market awaits recovery clarity.<\/li>\n<p>&#13;<\/p>\n<li>rsETH recovery plan addresses $246M bad debt from the Kelp DAO exploit.<\/li>\n<p>&#13;<\/p>\n<li>The immediate resistance sits at $100 as governance execution drives the outlook.<\/li>\n<p>&#13;\n<\/ul>\n<p>AAVE token is currently priced at $97.13, down 0.3% over the past 24 hours, while the broader market has remained slightly positive.<\/p>\n<p>That difference has kept AAVE in focus, not because of broad weakness, but because traders are waiting to see whether the proposed recovery plan designed to restore rsETH collateral after the Kelp DAO exploit can be executed cleanly.<\/p>\n<p>The key question is whether the recovery effort can remove uncertainty fast enough to allow the token to reclaim the $100 mark and hold above it.<\/p>\n<h2 class=\"wp-block-heading\">rsETH collateral recovery plan takes centre stage<\/h2>\n<p>The main driver behind AAVE\u2019s current setup is the technical plan proposed to rebuild rsETH collateral after the exploit linked to Kelp DAO.<\/p>\n<p>The exploit left about $246 million in bad debt across Aave and Compound, creating pressure for a coordinated solution rather than a simple market fix.<\/p>\n<p>The proposed plan is designed to restore backing for rsETH and reduce the fallout without spreading the losses across users.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"zxx\" dir=\"ltr\">https:\/\/t.co\/9eUfrt0ESE<\/p>\n<p>\u2014 Aave (@aave) <a href=\"https:\/\/twitter.com\/aave\/status\/2048958367658332413?ref_src=twsrc%5Etfw\">April 28, 2026<\/a><\/p><\/blockquote>\n<p>At the centre of the proposal is a governance-led process across Ethereum and Arbitrum.<\/p>\n<p>The plan calls for temporary oracle adjustments and the liquidation of the attacker\u2019s positions in a controlled way. That makes the recovery effort more structured, but also more dependent on execution.<\/p>\n<p>Traders are now watching the proposal as a practical test of whether Aave Protocol can repair collateral damage without introducing more risk.<\/p>\n<p>In the short term, that uncertainty has kept sentiment measured, even though the plan itself is aimed at stabilising the system.<\/p>\n<h2 class=\"wp-block-heading\">AAVE price outlook<\/h2>\n<p>AAVE\u2019s near-term outlook now depends heavily on how the recovery plan unfolds.<\/p>\n<p>On a technical standpoint, the immediate support is near $96. The token has already spent time close to that area, and a failure to hold it could shift the market tone back toward caution.<\/p>\n<p>A drop below $94 would be more concerning because it would suggest the market is no longer treating the recovery effort as a near-term stabilising force.<\/p>\n<figure id=\"attachment_26298\" aria-describedby=\"caption-attachment-26298\" class=\"wp-caption alignnone\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"wp-image-26298\" src=\"https:\/\/timescrypto.com\/wp-content\/uploads\/2026\/04\/AAVEUSD-price-chart-1024x615.png\" alt=\"AAVE price analysis\" width=\"1024\" height=\"615\"\/><figcaption id=\"caption-attachment-26298\" class=\"wp-caption-text\">AAVE price chart<\/figcaption><\/figure>\n<p><span style=\"font-size: 16px;\">The broader technical picture also shows that AAVE is consolidating rather than trending aggressively. <\/span><\/p>\n<p><span style=\"font-size: 16px;\">Its current level is close to the 30-day simple moving average of $96.95, which supports the idea that the market is waiting for confirmation before committing to a stronger directional move.<\/span><\/p>\n<h2 class=\"wp-block-heading\">What matters next<\/h2>\n<p>Market participants will be looking for approval of the temporary changes needed to support the recovery, as well as signs that collateral restoration is progressing without delays.<\/p>\n<p>If those milestones are reached, AAVE could gain enough confidence to challenge the $100 level again.<\/p>\n<p>Trading volume also shows that the market is engaged but not yet convinced.<\/p>\n<p>The latest 24-hour volume of $254.39 million reflects active participation, but not a broad rush into the token. That usually means the market is waiting for a clearer signal before taking stronger positions.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Analysis,Markets,Aave News#AAVE #reclaim #focus #shifts #rebuilding #rsETH #collateral1777466298<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#13; AAVE price consolidates as market awaits recovery clarity. &#13; rsETH recovery plan addresses $246M bad debt from the Kelp DAO exploit. &#13; The immediate resistance sits at $100 as governance execution drives the outlook. &#13; AAVE token is currently priced at $97.13, down 0.3% over the past 24 hours, while the broader market has<\/p>\n","protected":false},"author":1,"featured_media":8353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":{"0":"post-8737","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eurozone"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - 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