Overview
- ETH is trading around the $1,750–$1,800 band and has repeatedly met selling pressure just under $1,800, leaving the token stuck below a critical resistance zone.
- On‑chain indicators show signs of accumulation with the MVRV ratio dipping below 0.8, a level that preceded prior bottoms and that analysts say signals seller exhaustion.
- Derivatives participation has increased as futures open interest rose to about $24.6 billion while spot trading volumes remain thin, leaving breakouts vulnerable to low buyer participation.
- Liquidity signals are mixed because exchange inflows jumped roughly 6% and large holders continued selling while ETF flows swung from a $52 million outflow to modest inflows in some reports, creating short‑term supply pressure.
- Analysts say the market needs a confirmed daily close above the 50‑day simple moving average in the $1,805–$1,812 band plus OBV and volume support to validate a move toward $1,850–$1,900 and higher, otherwise downside to $1,700 or the June low near $1,505 would reopen.