Ethereum (ETH) Price Steadies Near $1,760 as BitMine Accumulates and ETF Flows Reverse

Key Highlights

Table of Contents

BitMine acquired an additional 27,801 ETH during the past week, pushing its aggregate position to 5.77 million ETH valued at approximately $10.25 billion
Spot Ethereum ETFs in the United States attracted $84.42 million in net inflows, breaking a two-month string of capital exits
ETH dipped under $1,800 after escalating U.S.-Iran tensions drove crude oil prices past $74, prompting widespread risk-off behavior
Critical support remains established at $1,750; breaching resistance between $1,825–$1,850 could push prices toward $2,140 according to chart patterns
Cryptocurrency traders faced $81.75 million in forced liquidations over 24 hours, predominantly affecting bullish positions at $57 million

Ethereum currently trades in the vicinity of $1,760 after declining beneath the $1,800 threshold amid intensifying military tensions between the United States and Iran. Additional American military operations targeting Iranian facilities caused crude oil prices to surge approximately 4% above $74 per barrel, prompting market participants to exit riskier asset classes including digital currencies.

Tehran announced retaliatory strikes against American military installations across Bahrain, Kuwait, Oman, and Jordan. Growing concerns regarding potential disruptions through the Strait of Hormuz intensified downward pressure across global financial markets.

ETH experienced a roughly 3.6% decline from its intraday peak of $1,837 during Monday’s trading session. Market participants continue protecting the $1,750 threshold at present.

Corporate Accumulation Gains Momentum

BitMine Immersion Technologies (BMNR) expanded its Ethereum reserves by 27,801 ETH throughout the previous week. This acquisition elevates the company’s cumulative position to 5.77 million ETH, representing approximately $10.25 billion in current market value.

BitMine Buys 27,801 ETH, Holdings Reach 5.77M ETH
BitMine said it acquired 27,801 ETH over the past week, lifting total holdings to 5,770,038 ETH, or about 4.8% of Ethereum’s supply, and has staked 4,917,189 ETH. As of July 12, the company also held $482 million in cash and… pic.twitter.com/mPIsOLFZ9c
— Wu Blockchain (@WuBlockchain) July 13, 2026

BitMine’s Chairman Thomas Lee disclosed that projected annual staking revenues have reached $242 million. The organization has allocated 4.91 million ETH—roughly 85% of its entire treasury—to its Made in America Validator Network (MAVAN), which is currently producing an annualized staking return of 2.70% based on seven-day performance.

The Nevada-based enterprise reports achieving 96% progress toward its strategic objective of controlling 5% of Ethereum’s total circulating token supply.

Spot Ethereum exchange-traded funds in the United States registered $84.42 million in aggregate inflows last week, based on SoSoValue tracking data. This marked the conclusion of an eight-consecutive-week period of net redemptions.

Technical Perspectives from Market Observers

Cryptocurrency analyst Ali Martinez indicated his intention to establish long positions on ETH should prices penetrate $1,850. This price level corresponds with a substantial concentration of short position liquidations clustered between $1,840 and $1,860 according to CoinGlass intelligence, where automatic forced buying could catalyze upward momentum.

I'm going LONG on Ethereum $ETH if itbreaks $1,850. https://t.co/eDUNoRnGzw pic.twitter.com/FWoVgAmjOJ
— Ali Charts (@alicharts) July 13, 2026

Market commentator Ted Pillows remarked on July 13 that ETH’s ability to sustain prices above $1,750 represents an encouraging signal, suggesting that continued support at this level could facilitate an advance toward $2,000.

Crypto analyst Michaël van de Poppe (@CryptoMichNL) observed that notwithstanding broader market fragility, ETH “isn’t bothered” and is “showing a lot of strength” relative to Bitcoin. He highlighted improving momentum in the ETH/BTC trading pair and referenced the forthcoming Clarity Act as a possible positive driver.

Despite the overall weakness, $ETH isn't bothered.
It's showing a lot of strength, as it continues to go up.
A lot of momentum in this one against #Bitcoin and I'm sure this will continue to last, given that the Clarity Act seems to be on the horizon. pic.twitter.com/ifVq8TRbLD
— Michaël van de Poppe (@CryptoMichNL) July 13, 2026

On the daily timeframe, a prospective double-bottom formation with troughs around $1,505 continues to develop. A decisive breakout above $1,825 would establish a measured move objective near $2,140.

ETH currently trades beneath both its 50-day exponential moving average at $1,798 and 100-day exponential moving average at $1,946. The MACD indicator maintains position above its signal line, while Chaikin Money Flow registers approximately 0.10, remaining in constructive territory.

Aggregate forced liquidations totaling $81.75 million occurred across the market during the past 24 hours, with bullish positions accounting for $57 million of this figure, according to Coinglass data.