Key Takeaways
- Ethereum maintains support above $1,825 following a decisive break of resistance, with bullish targets set at $2,500
- Spot Ethereum ETFs in the United States recorded consecutive weekly inflows, adding $105.44 million in the latest period
- Aggregate assets under management in Ethereum ETFs climbed to $9.97 billion, approaching the $10 billion threshold
- The ETH/BTC trading pair is challenging the top of a descending channel that has held for over a year
- Market analyst Ali Charts indicates that sustained support at $1,850 could open the door to $2,300
Ethereum is currently changing hands near $1,865 following a rebound from June’s low point around $1,505. Throughout July, the digital asset has been establishing a pattern of consecutive higher highs and higher lows, prompting market participants to monitor whether momentum can carry prices beyond the $2,000 threshold.
The nearest overhead barrier is positioned at $1,900. A decisive penetration of this level would place the round-number resistance at $2,000 firmly in focusāa zone that previously represented significant selling pressure and which bulls must overcome to validate the ongoing recovery trend.
Should ETH maintain its foothold above $1,825 while continuing to establish higher swing lows, market analysts project a potential trajectory toward the $2,465-$2,620 range. The wider target spectrum extends from $2,500 through $2,620.
Market analyst Ali Charts has noted that if Ethereum is indeed constructing a double bottom formation, maintaining the $1,850 support zone becomes critical. According to this technical perspective, preservation of this floor could set the stage for an advance toward $2,300.
Analyst Ted Pillows has observed that ETH successfully recaptured its 6-month descending trendline and that the weekly MACD indicator has turned positive. He highlighted that investor Tom Lee alongside multiple institutional players continue accumulating positions, suggesting that holding above $1,850 might trigger an additional 10% upward move.
Institutional Capital Flows Back Through ETF Vehicles
United States-based spot Ethereum exchange-traded funds registered $105.44 million in aggregate net inflows during the week concluding July 17, building on the prior week’s $84.42 million. This marked a reversal from five straight weeks of net redemptions that extended from mid-May through late June.
Total cumulative net inflows across all spot Ethereum ETF products have reached $11.08 billion. Combined assets under management now stand at $9.97 billion, nearing the psychologically significant $10 billion level.
BlackRock’s ETHA product dominated inflows with $31.68 million entering on July 17 specifically, and currently oversees $5.22 billion in net assetsārepresenting more than half of the entire U.S. spot Ethereum ETF marketplace. Fidelity’s FETH product contributed an additional $5.05 million.
Ethereum-Bitcoin Ratio Shows Signs of Potential Reversal
The ETH/BTC pair is currently testing the upper limit of a year-long descending channel formation in the vicinity of 0.0285-0.029 BTC. Following a recovery from long-term support positioned near 0.0262 BTC, a confirmed breach above this resistance could propel the ratio toward 0.030 BTC initially, followed by 0.032 BTC.
A persistent upward move in the ETH/BTC ratio would likely catalyze positive momentum throughout the broader Ethereum ecosystem, benefiting associated tokens.
Examining the weekly chart, the Relative Strength Index rests around the 40 mark, reflecting improvement from previously oversold territory but remaining beneath the neutral 50 threshold. On the daily timeframe, RSI has advanced to 58.
The $1,800 price level now functions as the primary support zone. BlackRock’s ETHA fund logged $31.68 million in single-day inflows on July 17, representing the most recent trading session with publicly available data.
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