Overview
- Ethereum reclaimed and held around the $1,800 area on Sunday, extending a roughly 20–25% rally from June lows near $1,505–$1,550.
- Chartists describe a short‑term double‑bottom with a neckline near $1,815, and they say the pattern projects targets in the $2,400–$2,500 range if price and volume confirm the breakout.
- Institutional and large‑holder demand has returned with spot ETFs recording about $84 million in net inflows and BitMine and identified whale wallets buying tens of thousands of ETH.
- Trading participation remains thin and derivatives data are mixed, with some sources showing falling futures open interest and others showing rising dollar‑value OI, leaving market interpretation unsettled.
- Traders say the next clear signals are a daily close above the $1,780–$1,815 band supported by rising volume or OBV and continued ETF and bridge demand, while a failure below $1,730–$1,750 would threaten the recovery.