Ethereum · 2026-07-12

That day's trend: Neutral leaning bullish

That day's view: ETH 7/12 closed at $1,819.38 (+1.07% in window), exhibiting a 'Asia-session bottom test, early-US-session volume-driven upside breakout' healthy reversal: opened $1,787.76, probed low $1,779.46, then strongly recovered. During the early US session, two consecutive large bullish candles with 11,538-16,127 ETH volume pushed price to $1,826.92 high. Total volume 141,073 ETH, significantly up from 7/11. Funding +0.00173% at only 0.34x of BTC, held mildly positive; OI fell -0.57% alongside price rise. Taker 1.44 strong buy-side flipped from 0.79; major-player (c-mix) short-covering + partial (a) healthy buy-side mixed drive. Retail long/short 1.67 still in heavy long zone, top_pos 1.41 continued rising, whales not distributing (top_acc 1.58 slightly declined to 1.58). FGI 26 (Fear) flat, ETH/BTC ratio 0.0283 recovered from prior day. Pattern stronger than BTC: price up + volume expansion + strong taker buy triple resonance. Watch 7/14 PPI and 7/15 CPI. Key levels: break above $1,830 → $1,860; break below $1,780 → $1,750. Near-term bullish but lacking sustained volume expansion risks pullback.

Key Data

ETH close: UTC 2026-07-12 00:00 = $1,787.76, UTC 2026-07-12 24:00 = $1,819.38, window +1.07%
Intraday range: high $1,826.92 / low $1,779.46, amplitude $47.46 (2.65%)
24h total volume: 141,073 ETH (~$255M)
Perp funding: 4-period mean +0.00173% (07-12 00:00 +0.00065% / 07-12 08:00 +0.00100% / 07-12 16:00 +0.00302% / 07-13 00:00 +0.00225%)
Taker buy/sell ratio: 24h mean 0.9937, latest 1.4414
Retail long/short ratio: 24h mean 1.6657, latest 1.6518
Top-trader long/short ratio: 24h mean 1.4056, latest 1.4231
Open Interest: 24h net -0.57%, now 2,298,077 ETH
Perp basis: stable in -0.05% to +0.05% band
Fear & Greed Index: 2026-07-12 = 26 (Fear)

24H Price Review

Stage · Early (UTC 00-06): open $1,787.76 → $1,803.25, +0.87%, 6h volume 36,045 ETH
Stage · Mid-morning (UTC 06-12): open $1,803.25 → $1,803.77, +0.03%, 6h volume 22,591 ETH
Stage · Afternoon (UTC 12-18): open $1,803.77 → $1,818.50, +0.82%, 6h volume 50,345 ETH
Stage · Closing (UTC 18-24): open $1,818.51 → $1,806.80, -0.64%, 6h volume 32,092 ETH

Macro Calendar

🟡 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 4 (UTC 18-24) sharp drop -0.64% + concentrated 32,092 ETH volume | touched window low $1,779.46, a textbook short-event-driven concentrated-sell pattern
OI 24h net -0.57% near-neutral | OI net -13,182 ETH, no clear outflow but no aggressive positioning
Taker sell 24h mean 0.9937 < 1.0 seller-dominated | taker sell-side persistently dominant, although close 1.4414 buy-side returned, price did not see effective rebound
Stage 1 (UTC 00-06) rebound +0.87% + 36,045 ETH volume | touched window high $1,826.92, a textbook post-event technical rebound
Top-trader L/S 24h mean 1.41, institutional mildly bullish | top-trader L/S mean 1.41 / close 1.42 shows institutions held a mildly bullish stance through the window
Taker buy ratio close 1.4414 > 1.0 buy-side returning | late-window taker buy return shows market has buy-side support near $1,779.46