The Ether Workshop continues to organize around $1,800. On 7 July, ETH reported $1777.49, a 24-hour increase of 0.5 per cent, which at one time touched $1819.88. Market concerns remain concentrated on the $1,800 line, and analysts believe that only this position on the dayline station can allow short-line rebounds to continue.

ETH rebounded from 1500 to $1600 in June, when it went back significantly. Since 1 July, the cumulative increase has been approximately 12 per cent. This round-up is related to the pre-heating risk of weak employment data in the United States, as well as to the re-recording of net inflows of spot ETFs.

ETF Returning Financial Flows Backlash

SoSoValue data show that on July 6, ETF cashed a single-day net inflow of $2.9082 million. Of this amount, a single-day net inflow of $29,742 million by Belet ETHA became the main source of inflows. The return of funds supports ETH prices and gives the market renewed attention to whether it can break the previous stress zone.

  • 24 hourly low at $1732.10
  • The 24 hour height is $1819.88.
  • It's about $17.8 billion.

1800 dollars is still a short-line watershed.

Many market observers see $1,800 as the most important short-line position at the moment. According to analysts Ali Charts, ETH is testing the MVRV pricing belt near approximately US$ 1796, and this position also overlaps with the trend line of TD resistance and thus becomes a key observation point.

In his view, the rebound structure would be further improved if the ETH dailies were collected above US$ 1796 and subsequently secured. If you continue to break through $1816, the price could go up in the vicinity of $1844. Another trader, Daan Cripto Trades, also said that the first signal to judge the strength of a short line was the ability of the line to stand at $1,800.

However, the support below is equally clear. Ali and Daan both mentioned that $1750 is a multi-headed position. Once lost, the focus of the market could return to the $1700 area.

Heating kinetic energy indicators and pressure from increased reserves

From technical indicators, ETH solar kinetic energy has improved at a lower point than June. MACD column chart is positive, RSI rises to 55.95, above the median line 50, indicating that the short-line purchase drive has recovered, but the trend has not yet been fully strengthened.

The chain divides with exchange data. CriptoQuant Analyst Arab Chain states that the 30-day exchange liquidity ratio on Binance has risen to approximately 5.22, reflecting the increased trade activity of the platform and the improved liquidity efficiency of existing reserves.

On the other hand, exchange stocks are still rising. According to CriptoQuant Analyst BorisD, Binance holds about 3.893,000 ETH, Bitfinex about 2.2 million, OKX about 1.18 million and Bybit about 314,000. If the inflow of Binance and OKX ETH continues to increase and market demand is not absorbed simultaneously, the amount of US$ 2,000 may increase.

In addition, a snapshot of the June reserve certificate of Binance showed that the user ETH balance had increased to approximately 4.14 million, an increase of 10.17 per cent over the previous period. This change may come from filling, buying or internal transfers, and it is not possible to judge the specific reasons on the basis of data alone.

Next, the market will continue to observe the steadyness of the $1,800 line. If the breakthrough is effective, attention is paid above to $1844, followed by $2060 and $2245; if it is blocked again and breaks down by $1750, ETH may continue to maintain the shock and retest the $1700 area.