Ethereum · 2026-07-24
That day's view: ETH opened at $1,878.38 on 7/24 and closed at $1,861.44, declining 0.90% over 24 hours within a $1,848.09-$1,909.80 range. Trading volume totaled 200,795 ETH, while open interest (OI) fell 1.12%. The combination of a price decline and contracting open interest is more consistent with long-position liquidation and market-wide deleveraging, classified as scenario (c). The average perpetual-contract funding rate was +0.00194%, remaining positive but weak; the Fear and Greed Index (FGI) stood at 28, indicating that fearful sentiment persisted. Key levels to monitor are support near $1,848 and resistance near $1,910. If OI continues to decline while price stabilizes, selling pressure may ease; if support fails, watch for spillover from further weakness in BTC.
Key Data
- ETH closing price: $1,878.38 at UTC 2026-07-24 00:00 and $1,862.55 at UTC 2026-07-24 24:00, down 0.90% within the window
- Intraday range: high $1,909.80 / low $1,848.09, a $61.71 range (3.29%)
- 24-hour market-wide trading volume: 200,795 ETH (approximately $376 million)
- Perpetual-contract funding rate: four-period average +0.00194% (07-24 00:00 -0.00114% / 07-24 08:00 +0.00178% / 07-24 16:00 +0.00172% / 07-25 00:00 +0.00541%)
- Taker buy/sell ratio: 24-hour average 0.9639, latest 0.9440
- Long/short account ratio (retail traders): 24-hour average 2.2834, latest 2.3967
- Top-trader position long/short ratio: 24-hour average 1.3674, latest 1.3881
- Open interest (OI): net change -1.12% over 24 hours, currently 2,317,951 ETH
- Perpetual-contract basis: stable within the -0.05% to +0.05% range
- Fear and Greed Index: 28 on 2026-07-24 (Fear)
24H Price Review
- Phase · Early session (UTC 00-06): opened at $1,878.38 → $1,880.97, +0.14%, with six-hour volume of 42,845 ETH.
- Phase · Late morning (UTC 06-12): opened at $1,880.97 → $1,883.93, +0.16%, with six-hour volume of 48,302 ETH.
- Phase · Afternoon (UTC 12-18): opened at $1,883.93 → $1,866.53, -0.92%, with six-hour volume of 89,336 ETH.
- Phase · Closing session (UTC 18-24): opened at $1,866.53 → $1,861.44, -0.27%, with six-hour volume of 20,312 ETH.
Macro Calendar
- 🟡 2026-07-28 (Tuesday) · U.S. June Durable Goods Orders · Impact: Medium
- 🔴 2026-07-29 (Wednesday) · Federal Reserve July Interest Rate Decision · Impact: High
- 🔴 2026-07-30 (Thursday) · Federal Reserve Chair Press Conference (Powell) · Impact: High
Bull vs. Bear
- Phase 3 (UTC 12-18) suffered a sharp single-phase drop of -0.92% with concentrated volume of 89,336 ETH | Price touched the window low of $1,848.09, a typical pattern of concentrated selling pressure triggered by adverse news
- OI fell a net 1.12% over 24 hours as both longs and shorts deleveraged | OI decreased by a net 26,230 ETH, with both sides actively reducing positions, a typical deleveraging state
- The 24-hour average taker buy/sell ratio was 0.9639 < 1.0, indicating seller dominance | Taker activity remained seller-led; although the latest reading of 0.9440 showed buying returning late in the session, price did not rebound effectively
- Phase 2 (UTC 06-12) posted a single-phase rebound of +0.16% on volume of 48,302 ETH | Price touched the window high of $1,909.80, a typical technical rebound following adverse news
- The top-trader position long/short ratio averaged 1.37 over 24 hours, indicating mildly bullish institutional positioning | The ratio averaged 1.37 and ended at 1.39, showing that institutions maintained a mildly bullish stance throughout the window
- The close at $1,861.44 held within the $1,848.09-$1,909.80 range | The 24-hour price remained inside the window range and did not break below its lower boundary, indicating effective short-term support