Ethereum · 2026-07-25

That day's trend: Neutral leaning bullish

That day's view: ETH opened on July 25 at $1,861.44 and closed at $1,874.89, with intraday highs and lows of $1,877.07 and $1,851.22 respectively, posting a gain of 0.72%. Total volume reached 88,434 ETH, with the price advance running at roughly 1.97x that of BTC, although the strength of this volume still requires confirmation in subsequent windows. The perpetual funding rate averaged +0.00231%, about 0.57x BTC's level, and flipped from positive to negative into the close, indicating that the appetite for chasing longs has weakened. Open interest rose 0.92%, with price and positions expanding in tandem; however, the late-session funding-rate flip makes the structure closer to a (c-mix) state where mild position buildup coexists with short-side engagement. The Fear & Greed Index dropped to 27, leaving risk appetite still soft. Near-term attention stays on $1,851 support and $1,877 resistance: holding above the upper bound would extend the recovery, while a break below the lower bound would return the market to weak, range-bound oscillation.

Key Data

ETH Closing Price: $1,861.44 at UTC 2026-07-25 00:00 and $1,876.82 at UTC 2026-07-25 24:00, a window change of +0.72%
Intraday Range: High $1,877.07 / Low $1,851.22, range $25.85 (1.39%)
24-Hour Network-Wide Volume: 88,434 ETH (approximately $165M)
Perpetual Funding Rate: four-snapshot mean +0.00231% (07-25 00:00 +0.00541% / 07-25 08:00 +0.00228% / 07-25 16:00 +0.00343% / 07-26 00:00 -0.00188%)
Taker Buy/Sell Ratio: 24-hour mean 0.9539, latest 0.7922
Retail Long/Short Account Ratio: 24-hour mean 2.4006, latest 2.3795
Top Trader Long/Short Position Ratio: 24-hour mean 1.3287, latest 1.2928
Open Interest (OI): 24h net +0.92%, currently reported at 2,339,277 ETH
Perpetual Basis: stable within the -0.05% to +0.05% range
Fear & Greed Index: 27 (Fear) reported on 2026-07-25

24H Price Review

Phase · Early Session (UTC 00-06): Open $1,861.44 → $1,858.42, -0.16%, 6h volume 22,822 ETH
Phase · Late Morning (UTC 06-12): Open $1,858.42 → $1,857.75, -0.04%, 6h volume 20,185 ETH
Phase · Afternoon (UTC 12-18): Open $1,857.75 → $1,873.06, +0.82%, 6h volume 30,561 ETH
Phase · Close (UTC 18-24): Open $1,873.07 → $1,874.89, +0.10%, 6h volume 14,866 ETH

Macro Calendar

🟡 2026-07-28 (Tuesday) · U.S. June Durable Goods Orders · Impact: Medium
🔴 2026-07-29 (Wednesday) · Fed July Interest Rate Decision · Impact: High
🔴 2026-07-30 (Thursday) · Fed Chair Press Conference (Powell) · Impact: High

Bull vs. Bear

Phase 1 (UTC 00-06) single-stage sharp sell-off -0.16% + concentrated volume of 22,822 ETH | touched the window low of $1,851.22, a classic "concentrated sell pressure triggered by a bearish event" pattern
OI 24h net +0.92% near neutral | OI net +21,325 ETH; capital has not clearly withdrawn but is also not actively building positions
Taker-driven sell flow 24h mean 0.9539 < 1.0, sellers dominate | taker flow remains persistently seller-side dominant; although the late-session reading of 0.7922 showed buyers returning, price has yet to produce an effective rebound
Phase 3 (UTC 12-18) single-stage rebound +0.82% + volume of 30,561 ETH | touched the window high of $1,877.07, a classic "technical rebound after a bearish event" pattern
Top Trader L/S Ratio 24h mean 1.33 — institutions mildly bullish | top-trader L/S 24h mean 1.33 / late session 1.29, indicating that institutions maintained a mildly bullish stance through the window
Close at $1,874.89 holds the $1,851.22-$1,877.07 range | 24h price held inside the window range and did not break below the lower bound — short-term support is intact