Overview
- ETH slipped below $1,800 to trade around $1,775–$1,785 after renewed U.S.–Iran strikes and oil price moves were reported on July 13–14, which reduced demand for higher‑risk assets.
- The market is pinned between $1,750 short‑term support and $1,850 resistance where a confirmed close above $1,850 would likely force short sellers to cover and open targets toward roughly $2,100–$2,200.
- On‑chain monitors show large whale activity and exchange withdrawals totaling about 87,083 ETH, a flow that lowers available supply and signals sizable accumulation under current prices.
- Derivatives flows remain a headwind with negative futures netflows and a taker‑sell bias, even though CoinGlass maps a dense short‑liquidation cluster near $1,840–$1,860 that could accelerate any breakout.
- Broader drivers include a June low near $1,505, a one‑week return of ETF inflows to ETH funds, rising on‑balance volume and pending U.S. CPI/Fed commentary, any of which could confirm or reverse the current range quickly.