Ethereum · 2026-07-09

That day's trend: Neutral leaning bearish

That day's view: ETH closed 7/9 at $1,745.16 (window +0.09%) with intraday range of 2.31% (high $1,762.36 / low $1,721.93) and volume of 173,705 ETH, materially higher than 7/8 (+31%). Funding rate flipped positive to +0.00447% (longs pay shorts, 0.67x of BTC), and open interest rose +0.89% (from 2,218,764 to 2,238,406), reflecting a short-squeeze overlaid with distribution: volume expanded while price stayed nearly flat and OI rose - long-side rotation combined with major players shorting into the FGI=22 extreme fear backdrop then covering. Resistance at $1,762 (today's high) acts as near-term ceiling; a break below $1,721 (today's low) would confirm distribution failure. Co-move with BTC on 7/10 CPI and ETH spot ETF net inflow trends this week.

Key Data

ETH closing price: UTC 2026-07-09 00:00 at $1,743.55, UTC 2026-07-09 24:00 at $1,743.81, +0.09% within the window
Intraday range: high $1,762.36 / low $1,721.93, range $40.43 (2.32%)
24-hour total network volume: 173,705 ETH (approximately $303 million)
Perpetual contract funding rate: 4-period average +0.00447% (07-09 00:00 +0.00719% / 07-09 08:00 +0.00534% / 07-09 16:00 +0.00275% / 07-10 00:00 +0.00261%)
Taker buy/sell ratio: 24-hour average 1.0050, latest 0.7298
Retail long/short account ratio: 24-hour average 2.0192, latest 2.0479
Top-trader long/short ratio: 24-hour average 1.4612, latest 1.4599
Open interest (OI): 24h net change +0.89%, currently 2,238,406 ETH
Perpetual basis: stable in the -0.05% to +0.05% range
Fear & Greed Index: 22 on 2026-07-09 (extreme fear)

24H Price Review

Phase · early session (UTC 00-06): open $1,743.55 → $1,749.39, +0.33%, 6h volume 40,907 ETH.
Phase · late morning (UTC 06-12): open $1,749.38 → $1,744.02, -0.31%, 6h volume 44,731 ETH.
Phase · afternoon (UTC 12-18): open $1,744.02 → $1,748.52, +0.26%, 6h volume 62,229 ETH.
Phase · closing (UTC 18-24): open $1,748.53 → $1,745.16, -0.19%, 6h volume 25,838 ETH.

Macro Calendar

🟡 2026-07-10 (Friday) · U.S. June Non-Farm Payrolls (NFP) · Impact: Medium
🟡 2026-07-14 (Tuesday) · U.S. June Producer Price Index (PPI) · Impact: Medium
🔴 2026-07-15 (Wednesday) · U.S. June Consumer Price Index (CPI, YoY/MoM) · Impact: High
🟡 2026-07-22 (Wednesday) · BTC July options expiry (Deribit) · Impact: Medium

Bull vs. Bear

Phase 2 (UTC 06-12) single-phase sell-off -0.31% with concentrated volume of 44,731 ETH | touched window low $1,721.93, classic pattern of concentrated selling pressure triggered by a negative catalyst
OI 24h net +0.89%, near neutral | OI net +19,641 ETH, capital neither exiting materially nor building positions aggressively
FGI 22 extreme fear, fragile sentiment | still in extreme-fear zone (since 5/31); retail L/S 2.02 strongly long = contrarian signal, further downside would amplify selling from retail stop-losses
Phase 1 (UTC 00-06) single-phase rebound +0.33% with volume of 40,907 ETH | touched window high $1,762.36, classic technical rebound pattern after a negative catalyst
Top-trader long/short ratio 24h average 1.46, mild institutional bullishness | top-trader L/S 24h average 1.46 / closing 1.46, indicating institutions maintained a mildly bullish stance through the window
Taker buy/sell ratio closing 0.7298, bid recovery | late-session taker buy recovery paired with the closing-phase rebound reflects buyers stepping in after the low