The ETA has recently remained above US$ 1850, and despite the escalation of the US-Iraq conflict, increased oil price volatility and market risk pre-emption, the continued inflow of cash from the US is supported by ETF.

As at the time of the submission, the ETH report was about US$ 1865, with a small fall in the day, but had increased by about 4.2 per cent over the past week. Earlier, inflation data in the United States were lower than expected, pushing ETH up to around $944. However, the round did not stand steady and the price returned to the interior.

US$ 1938 became a key position above.

The dailies show that $1938 is the most important upper resistance. The region was supported several times this year, from February to early June, when the failure turned into a visible stress position. Last week ETH approached the position for one time, but failed to break it.

At the same time, the upward support line that has been extended since the low point of June is now in the vicinity of $1850. Since July, ETH has repeatedly stepped back on the area, but has yet to experience a definitive collapse. If the follow-up station was $1938, the market would reopen the space to $2,000.

In a short period of time, the equivalent of $1853.92 in the vicinity of the United States dollar, 78.6 per cent, was withdrawn and remained short-line multi-spaced. If this area continues, 1946.65 will remain the next target area to be observed.

ETF: A continuous inflow of risk-averse emotions

The financial front is one of the main underpinnings of the ETH of this round. SoSoValue data show that, from 13 to 17 July, the United States net inflow of cash from ETFs totalled $105 million, the strongest single-week performance since April, and recorded net inflow for the second consecutive week.

Of these, ETHA attracted $135.0 million in inflows under the Beled flag, while FETH recorded an outflow of $21.56 million. Overall, institutional funds continue to provide a buffer for spot markets.

At the same time, the performance of ETH relative bitcoin has improved. The market is concerned about whether ETH/BTC will be able to get out of the down lane that lasts almost a year. If this margin continues to rise, it will generally benefit from the performance of eco-related assets of the Taifung.

The geohazard risk still suppresses short-line movements.

At the macro level, the conflict between the United States and Iran once again disturbed the market, affecting passage through the Strait of Hormuz, and international oil prices rose to $94.2. Although it later fell below $88, the upward trend in energy prices may push up inflation expectations and suppress high-risk asset demand.

Technically, ETH short-line trends remain weak. 4 ADX in the hour chart has been reduced to 13.57, indicating that current trend dynamics are limited. Random RSI also shows a fall, suggesting that prices may continue to convulsify before another breakthrough.

If ETH loses $1850, the upscaling structure will become significantly weaker. The supporting areas that may be of interest to the next group will be $1781 and $1730, in descending order, at $1679 and $1615. The low June point of $1513 is an important reference point for the complete failure of the rebound structure of this round.

In addition, the Hyperliquid liquidation distribution of CoinGlass shows that the pressure of multiple liquidations under $1810 has started to increase and is more intense in the vicinity of $1665 and $1,500. Empty liquidations above are concentrated on $2180 and between $2700 and $2860.

Overall, $1850 and $1938 remain the core of the current ETH. ETF inflows and ETH/BTC strong enough to support a renewed shock of US$ 2000; but markets still need to see a clearer signal of an upward breakthrough before oil price volatility and geo-situation subsides.