Ethereum · 2026-07-10

That day's trend: Cautiously bullish

That day's view: ETH 7/10 closed at $1,796 (+2.96%), ETH/BTC ratio 2.01x outperforming, intraday range 4.27%. Volume 215,606 ETH concentrated in Stage 3 (12-18 UTC) at 71,029 ETH, 32.9% of the day. Open Interest net +1.72%, funding rate climbed stepwise from +0.0026% -> +0.0051% with mean +0.0039%, taker buy/sell ratio 1.011 balanced slightly buy — reading (a) healthy rebound with buy-side reinforcement. FGI 23 at extreme fear sits opposite the on-chain strength (divergence). Watch $1,820-$1,850 resistance; $1,750 is the sentiment support band. Linked: BTC high-range consolidation + ETH options IV rising — follow-up drivers include Staking ETF approval and stablecoin on-chain inflows.

Key Data

ETH close: UTC 2026-07-10 00:00 = $1,745.17, UTC 2026-07-10 24:00 = $1,794.61, window +2.96%
Intraday range: high $1,812.00 / low $1,737.68, amplitude $74.32 (4.26%)
24h total volume: 215,606 ETH (~$385M)
Perp funding: 4-period mean +0.00391% (07-10 00:00 +0.00261% / 07-10 08:00 +0.00336% / 07-10 16:00 +0.00463% / 07-11 00:00 +0.00505%)
Taker buy/sell ratio: 24h mean 1.0112, latest 1.1089
Retail long/short ratio: 24h mean 1.8206, latest 1.7211
Top-trader long/short ratio: 24h mean 1.4171, latest 1.4198
Open Interest: 24h net +1.72%, now 2,276,950 ETH
Perp basis: stable in -0.05% to +0.05% band
Fear & Greed Index: 2026-07-10 = 23 (Extreme Fear)

24H Price Review

Stage · Early (UTC 00-06): open $1,745.17 → $1,779.04, +1.94%, 6h volume 58,215 ETH
Stage · Mid-morning (UTC 06-12): open $1,779.04 → $1,801.22, +1.25%, 6h volume 57,216 ETH
Stage · Afternoon (UTC 12-18): open $1,801.22 → $1,788.03, -0.73%, 6h volume 71,029 ETH
Stage · Closing (UTC 18-24): open $1,788.03 → $1,796.85, +0.49%, 6h volume 29,145 ETH

Macro Calendar

🟡 2026-07-10 (Fri) · US June Non-Farm Payrolls (NFP) · Impact: Medium
🟡 2026-07-14 (Tue) · US June Producer Price Index (PPI) · Impact: Medium
🔴 2026-07-15 (Wed) · US June Consumer Price Index (CPI, YoY/MoM) · Impact: High
🟡 2026-07-22 (Wed) · BTC July options expiry (Deribit) · Impact: Medium

Bull vs. Bear

Stage 3 (UTC 12-18) sharp drop -0.73% + concentrated 71,029 ETH volume | touched window low $1,737.68, a textbook short-event-driven concentrated-sell pattern
OI 24h net +1.72% price down + OI up = active short accumulation | OI rose +38,545 ETH while price fell +2.96%, textbook active short accumulation
FGI 23 extreme fear, sentiment fragile | still in extreme fear since 5/31; retail L/S 1.82 overly bullish = contrarian signal, further downside risks amplified retail stop-loss selling
Stage 1 (UTC 00-06) rebound +1.94% + 58,215 ETH volume | touched window high $1,812.00, a textbook post-event technical rebound
Top-trader L/S 24h mean 1.42, institutional mildly bullish | top-trader L/S mean 1.42 / close 1.42 shows institutions held a mildly bullish stance through the window
Taker buy ratio close 1.1089 > 1.0 buy-side returning | late-window taker buy return alongside the closing rebound reflects buyers stepping in after the bottom test