Ethereum · 2026-07-19
That day's view: ETH closed 7/19 at $1,872.23 (+0.52%), with intraday range of 1.49% ($1,851.71-$1,879.38), showing a mild volume-supported rebound. Volume of 143,923 ETH surged 55.4% vs 7/18, sharply diverging from BTC +4.3% (inverse volume signal), with ETH/BTC gain ratio of 3.0x highlighting high beta. Funding rate at +0.00333% (0.76x of BTC) is neutral-to-low, while OI at -0.02% was flat, indicating spot + short-covering driven rally, not aggressive new long buildup. Taker buy/sell ratio averaged 1.01 (balanced) remained stable. Top-trader long/short ratio rose from 1.36 to 1.39, while retail fell from 2.31 to 2.16, forming a healthy relay structure of institutions accumulating and retail taking profit. Composite judgment (a): healthy mild rebound with volume-price both rising and institutional relay, but neutral-low funding caps upside elasticity. Key levels: $1,851 support below, with break below targeting $1,820; $1,880 resistance above, with break above targeting $1,900. Events to watch: 7/22 ETH July options expiry, 7/29 FOMC, 7/30 Powell speech.
Key Data
- ETH close: UTC 2026-07-19 00:00 at $1,862.61, UTC 2026-07-19 24:00 at $1,887.06, +0.52% within window
- Intraday range: high $1,879.38 / low $1,851.71, range $27.67 (1.49%)
- 24h network-wide volume: 143,923 ETH (~$269M)
- Perpetual funding rate: 4-period avg +0.00333% (07-19 00:00 -0.00126% / 07-19 08:00 +0.00426% / 07-19 16:00 +0.00745% / 07-20 00:00 +0.00290%)
- Taker buy/sell ratio: 24h avg 1.0135, latest 1.0028
- Retail long/short account ratio: 24h avg 2.1972, latest 2.1576
- Top-trader long/short position ratio: 24h avg 1.3626, latest 1.3887
- Open Interest (OI): 24h net -0.02%, now at 2,291,678 ETH
- Perpetual basis: stable in -0.05% to +0.05% range
- Fear & Greed Index: 2026-07-19 at 28 (Fear)
24H Price Review
- Stage · Early (UTC 00-06): open $1,862.61 → $1,868.56, +0.32%, 6h volume 33,639 ETH.
- Stage · Midday (UTC 06-12): open $1,868.55 → $1,871.41, +0.15%, 6h volume 32,713 ETH.
- Stage · Afternoon (UTC 12-18): open $1,871.40 → $1,867.23, -0.22%, 6h volume 37,537 ETH.
- Stage · Close (UTC 18-24): open $1,867.23 → $1,872.23, +0.27%, 6h volume 40,034 ETH.
Macro Calendar
- 🟡 2026-07-22 (Wed) · BTC July options expiry (Deribit) · Impact: Medium
- 🟡 2026-07-28 (Tue) · US June Durable Goods Orders · Impact: Medium
- 🔴 2026-07-29 (Wed) · Fed July rate decision · Impact: High
- 🔴 2026-07-30 (Thu) · Fed Chair press conference (Powell) · Impact: High
Bull vs. Bear
- Stage 3 (UTC 12-18) single-stage sharp drop -0.22% + concentrated volume 37,537 ETH | Touched window low $1,851.71, typical "event-driven concentrated selling" pattern
- OI 24h net -0.02% near neutral | OI net -453 ETH, capital not visibly exiting but also not actively building positions
- Range 1.49% high volatility reflects intense bull-bear battle | 24h range 1.49% hits recent high, rising price volatility = increasing position-holding risk
- Stage 1 (UTC 00-06) single-stage rebound +0.32% + volume 33,639 ETH | Touched window high $1,879.38, typical "post-event technical rebound" pattern
- Top-trader long/short 24h avg 1.36 institutions mildly bullish | Top-trader L/S 24h avg 1.36 / end-of-window 1.39, showing institutions maintaining mildly bullish stance within window
- Taker buy end-of-window 1.0028 > 1.0 buy-side returned | End-of-window taker buy-side returned, showing market has buy-side support near $1,851.71