According to external sources, the Ether factory rebounded after a sharp fall the previous day and the price returned to the vicinity of $1,800. The focus of market attention remains on whether the zone can be effectively broken. Over the past month, ETH has been blocked several times between 1800 and 1830 dollars.

$1796 for short-line observation.

The report cites the opinion of the analyst Ali Martinez that ETH is currently testing 0.8 MVRV pricing belts near approximately US$ 1796. This position is regarded by him as an important resistance position on the current chart.

In his view, if the ETH day line was over US$ 1796 and the position was converted to support, the price trend might be further strengthened. According to them, the market will then need to continue to absorb a higher level of depression.

There's two obstacles up there.

Martínez mentioned that another key resistance position was close to US$ 1816, corresponding to the TD Sequential risk line. If it continues, the next pressure level is about $1844, which is the area along the current trade route.

  • $1796: 0.8 MVRV pricing And...
  • US$ 1816: TD Security Risk Line
  • $1844: resistance along the current corridor

His judgement was that, if the above-mentioned resistance were to be breached, ETH could then approach the realized price area of approximately $2245.

ETF net inflows for three consecutive days

In addition to the rebound in prices, there has been some improvement in the financial situation. The Farside Investers data show that US FETF recorded a net inflow of $20.7 million on July 6, and has maintained a positive inflow for three consecutive days.

According to the report, the cumulative net inflows over three days amounted to $64.5 million. The article also cites Michael van de Poppe ' s observation that ETA has recently performed relatively better than TTco, and that short-term upper spaces are still in place.

However, in terms of price performance, up to $1,800 remains a recently repeatedly validated stress zone. The end of ETH ' s tendency to rush back and forth over the past month will still depend on whether the area is effectively stabilized.