Ethereum · 2026-07-26

That day's trend: Cautiously bullish

That day's view: ETH opened on July 26 at $1,874.88 and closed at $1,954.72, posting a 24-hour gain of 4.26%, with the session range spanning $1,873.85 to $1,967.36. Volume reached 153,234 ETH, an increase of 73.26% versus the prior day, indicating price and volume expanding in tandem. The perpetual funding rate averaged 0.00310%, roughly 34% higher than the previous day and remaining positive; open interest rose 1.29%, signaling the addition of new long positions, classified as pattern (a). The Fear & Greed Index slipped from 27 to 26, leaving the market still in the fear zone and the rebound still requiring confirmation. $1,954 serves as the current pivot; a break above $1,967 would open a path toward $2,000, while a loss of $1,874 would invalidate the rebound. Focus stays on whether the OI increase is healthy and whether BTC can stabilize in sync.

Key Data

ETH Closing Price: $1,874.88 at UTC 2026-07-26 00:00 and $1,951.20 at UTC 2026-07-26 24:00, a window change of +4.26%
Intraday Range: High $1,967.36 / Low $1,873.85, range $93.51 (4.99%)
24-Hour Network-Wide Volume: 153,234 ETH (approximately $294M)
Perpetual Funding Rate: four-snapshot mean +0.00310% (07-26 00:00 -0.00188% / 07-26 08:00 +0.00236% / 07-26 16:00 +0.00194% / 07-27 00:00 +0.01000%)
Taker Buy/Sell Ratio: 24-hour mean 1.0838, latest 1.0948
Retail Long/Short Account Ratio: 24-hour mean 2.2099, latest 1.9603
Top Trader Long/Short Position Ratio: 24-hour mean 1.2766, latest 1.3119
Open Interest (OI): 24h net +1.29%, currently reported at 2,369,500 ETH
Perpetual Basis: stable within the -0.05% to +0.05% range
Fear & Greed Index: 26 (Fear) reported on 2026-07-26

24H Price Review

Phase · Early Session (UTC 00-06): Open $1,874.88 → $1,883.40, +0.45%, 6h volume 16,284 ETH
Phase · Late Morning (UTC 06-12): Open $1,883.40 → $1,885.87, +0.13%, 6h volume 14,919 ETH
Phase · Afternoon (UTC 12-18): Open $1,885.87 → $1,911.23, +1.34%, 6h volume 54,327 ETH
Phase · Close (UTC 18-24): Open $1,911.23 → $1,954.72, +2.28%, 6h volume 67,704 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 2 (UTC 06-12) single-stage sharp sell-off +0.13% + concentrated volume of 14,919 ETH | touched the window low of $1,873.85, a classic "concentrated sell pressure triggered by a bearish event" pattern
OI 24h net +1.29% price down OI up = active short accumulation | OI up +30,223 ETH while price fell +4.26%, a classic active short accumulation pattern
Range 4.99% elevated volatility reflects intense bull-bear battle | 24h range of 4.99% hit a recent high; rising price volatility = increased position-holding risk
Phase 4 (UTC 18-24) single-stage rebound +2.28% + volume of 67,704 ETH | touched the window high of $1,967.36, a classic "technical rebound after a bearish event" pattern
Top Trader L/S Ratio 24h mean 1.28 — institutions mildly bullish | top-trader L/S 24h mean 1.28 / late session 1.31, indicating that institutions maintained a mildly bullish stance through the window
Taker buy-side late session 1.0948 > 1.0 — buyers returning | late-session taker buy flow returning, showing buy-side support near $1,873.85