Ethereum · 2026-07-14

That day's trend: Cautiously bullish

That day's view: ETH closed 7/14 at $1,892 (+6.48%, open $1,777 / high $1,896 / low $1,773), leading major altcoins; rebound magnitude 1.49x BTC 4.35%. Volume was 368,914 ETH, up +25% from 7/13 (295,032), clear new-capital-entry signature. Funding only +0.00363% (0.53x BTC), while OI jumped +9.12% (2.249M to 2.454M). Three signals point to player pattern (a) healthy new-long driven: price up-up + volume expand + OI rise + funding neutral = rebound conviction significantly stronger than BTC, leverage participation healthy, no major-player distribution. Retail L/S 1.72 / major-player L/S 1.33 / top-account L/S 1.57 - retail-led longs but leverage controlled. ETH/BTC ratio recovered to 0.029, classic strong-coin rebound window signature. FGI 22 (extreme fear) persists. Watch for hold above 1,900; key support 1,773 (prior low). BTC-ETH divergence case #13: BTC (c) volume-shrink short-release vs ETH (a) healthy volume new-long entry - if CPI undershoots, ETH remains strong.

Key Data

ETH close: UTC 2026-07-14 00:00 $1,776.71 -> UTC 2026-07-14 24:00 $1,887.19, +6.48% in window
Intraday range: High $1,896.14 / Low $1,773.41, range $122.73 (6.91%)
24H total network volume: 368,914 ETH (~$681M)
Perp funding rate: 4-period avg +0.00363% (07-14 00:00 +0.00013% / 07-14 08:00 +0.00364% / 07-14 16:00 +0.00693% / 07-15 00:00 +0.00383%)
Taker buy/sell ratio: 24H avg 1.0977, latest 1.1096
Retail long/short account ratio: 24H avg 1.7221, latest 1.5157
Top-trader long/short ratio: 24H avg 1.3294, latest 1.1956
Open interest (OI): 24H net +9.12%, currently 2,453,526 ETH
Perp basis: stable in the -0.05% to +0.05% range
Fear & Greed Index: 2026-07-14 reading 22 (Extreme Fear)

24H Price Review

Phase - Early (UTC 00-06): open $1,776.71 -> $1,787.04, +0.58%, 6h volume 37,543 ETH.
Phase - Late morning (UTC 06-12): open $1,787.03 -> $1,798.09, +0.62%, 6h volume 58,943 ETH.
Phase - Afternoon (UTC 12-18): open $1,798.09 -> $1,871.54, +4.08%, 6h volume 218,337 ETH.
Phase - Close (UTC 18-24): open $1,871.55 -> $1,891.87, +1.09%, 6h volume 54,091 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
🟡 2026-07-28 (Tue) · US June Durable Goods Orders · Impact: Medium

Bull vs. Bear

Phase 1 (UTC 00-06) single-phase drop +0.58% + concentrated 37,543 ETH | hit window low $1,773.41, classic bad-news concentrated selloff pattern
OI 24H net +9.12% - price down OI up = active short accumulation | OI +204,989 ETH while price +6.48%, classic active short accumulation
FGI 22 Extreme Fear, fragile sentiment | Still in extreme-fear zone (since 5/31), retail L/S 1.72 (heavily long) = contrarian signal; if price continues down, retail stop-loss amplifies sell pressure
Phase 3 (UTC 12-18) single-phase rebound +4.08% + 218,337 ETH | hit window high $1,896.14, classic post-bad-news technical rebound pattern
Top-trader L/S 24H avg 1.33 - institutions mildly bullish | top-trader L/S 24H avg 1.33 / close 1.20, institutions maintain mildly bullish stance in window
Taker buy volume at close 1.1096 > 1.0 - buyers returning | close-of-window taker buy volume returns alongside late-stage rebound, reflecting post-bottom buying entry