TLDR
- ETH is trading at $1,867.98 after breaking above key resistance near $1,820
- Analysts are targeting $2,500 if current support holds and buying pressure continues
- Two whale wallets sold 72 BTC and opened 12,000 ETH leveraged long positions
- Ethereum spot ETFs recorded $105M in net inflows from July 13–17
- Long-term chart targets include $4,865, $6,089, and eventually $8,300–$10,000
Ethereum has confirmed a breakout above a key resistance zone near $1,820, with price currently sitting at $1,867.98. The 24-hour trading volume stands at $6.63 billion, with a market cap of $225.48 billion.
The move follows a 1.60% gain over the last 24 hours. Buyers successfully defended the breakout zone during a retest, which analysts say strengthens the bullish case.
Crypto analyst Michael van de Poppe noted that ETH has shifted into a stronger technical position after clearing the $1,820 resistance. He said holding above that level reinforces bullish sentiment across the market.
This is the right direction for $ETH.
It broke above the resistance zone of $1,820.
Quick retest of that area for support and currently holding above it.
The path is really simple: if this holds, then we’re going to see a run towards $2,500.
Most likely, the Clarity Act will… pic.twitter.com/AEvOAa86Ov
— Michaël van de Poppe (@CryptoMichNL) July 19, 2026
According to analysts, ETH could be targeting the $2,500 level if support holds and buying pressure continues to build. Traders are also watching the upcoming Clarity Act, expected to be proposed next week.
On the weekly chart, Ethereum is sitting at the 0.618 Fibonacci support near $1,843. This same level previously triggered a major recovery in May 2025, when ETH climbed from around $1,379 to near $4,865.
ETH briefly dropped to $1,510 before returning to this Fibonacci zone. A sustained hold above $1,843 would be the first positive signal for a longer-term recovery.
Whale Activity Backs the Bullish Case
On-chain data from Lookonchain shows two newly formed wallets sold a combined 72 BTC before opening leveraged long positions totaling 12,000 ETH. This rotation from Bitcoin into Ethereum is being closely watched by traders for its effect on market psychology.
While large leveraged positions carry liquidation risk, the size of the trade reflects a strong conviction in ETH’s near-term upside.
Analyst Daan Crypto Trades pointed out on X that ETH/BTC has been grinding higher, which could benefit ETH ecosystem coins. He noted it has been nearly a year since ETH showed real relative strength against BTC, calling the current zone a key area — especially with BTC also finding support.
$ETH These are the high timeframe levels where you should start paying close attention.
If this move sustains into next week and ETH/BTC keeps grinding higher, that should bode well for many primarily ETH ecosystem coins.
It’s been almost a year since ETH put in any real… https://t.co/7nf4nvJ5Dx pic.twitter.com/Pp9kvkquH9
— Daan Crypto Trades (@DaanCrypto) July 19, 2026
ETF Flows Add to Momentum
According to Wu Blockchain, Ethereum spot ETFs recorded $105 million in net inflows for the week of July 13–17. That consistent institutional demand adds another layer of support to the current price structure.
Ethereum Spot ETFs Recorded $105M in Net Inflows Last Week
From July 13 to 17 (ET), Ethereum spot ETFs recorded net inflows of $105 million, Bitcoin spot ETFs $75.67 million, SOL spot ETFs $948,200, and XRP spot ETFs $6.78 million, while HYPE spot ETFs saw $7.26 million in net… pic.twitter.com/SMyaIyrQBH
— Wu Blockchain (@WuBlockchain) July 20, 2026
On the longer-term chart, a confirmed breakout from the multi-year triangle pattern would initially target $4,865–$4,900. Beyond that, Fibonacci extensions point to $6,089, with a longer-term projection near $9,145.
ETH must reclaim moving average resistance in the $2,400–$2,900 range before the broader structure turns clearly bullish.
A weekly close below $1,510 would weaken the current setup and suggest the correction is not yet complete.
ETH is currently trading at $1,867.98.
Be the first to comment