Ethereum · 2026-07-29

That day's trend: Neutral leaning bearish

That day's view: On July 29, ETH opened at $1,922.22 and closed at $1,910.72 (-0.60%), with an intraday high of $1,935.68 and a low of $1,872.00; the rebound failed to hold above the opening level. Spot volume of 298,562 ETH rose 3.23% from the prior day, with the gain in volume accompanying a price decline indicating that selling pressure persists, though the magnitude is not yet runaway. The funding rate averaged +0.00465%, roughly 2.93x the prior day's level, holding positive across all four cycles as long-side leverage costs rose even as price weakened. OI fell 0.69% with price, putting the structure in the (c) category, closer to long-side deleveraging than to fresh shorts taking control. The FGI stayed at 29 (Fear), with fear sentiment persisting; $1,936 is the rebound-confirmation level, while a break of $1,872 expands the downside risk. Near-term, focus on the post-FOMC repricing and Chair Powell's remarks; maintain a defensive stance until $1,936 is reclaimed.

Key Data

ETH closing price: $1,922.22 at UTC 2026-07-29 00:00 and $1,912.25 at UTC 2026-07-29 24:00, down 0.60% over the window
Intraday range: high $1,935.68 / low $1,872.00, a $63.68 range (3.31%)
24-hour total market volume: 298,562 ETH (approximately $569 million)
Perpetual funding rate: four-period average +0.00465% (07-29 00:00 +0.00574% / 07-29 08:00 +0.00687% / 07-29 16:00 +0.00214% / 07-30 00:00 +0.00385%)
Taker buy/sell ratio: 24-hour average 0.9942, latest 0.8639
Retail long/short account ratio: 24-hour average 2.1434, latest 2.1959
Top-trader long/short position ratio: 24-hour average 1.3255, latest 1.3640
Open Interest (OI): 24-hour net change -0.69%, currently 2,275,189 ETH
Perpetual basis: stable within the -0.05% to +0.05% range
Fear & Greed Index: 29 on 2026-07-29 (Fear)

24H Price Review

Phase · Early session (UTC 00-06): open $1,922.22 → $1,912.54, -0.50%, 6h volume 54,521 ETH.
Phase · Late morning (UTC 06-12): open $1,912.53 → $1,915.26, +0.14%, 6h volume 47,706 ETH.
Phase · Afternoon (UTC 12-18): open $1,915.26 → $1,916.16, +0.05%, 6h volume 85,850 ETH.
Phase · Close (UTC 18-24): open $1,916.15 → $1,910.72, -0.28%, 6h volume 110,486 ETH.

Macro Calendar

🔴 2026-07-29 (Wed) · Federal Reserve July Interest Rate Decision · Impact: High
🔴 2026-07-30 (Thu) · Federal Reserve Chair Powell Press Conference · Impact: High

Bull vs. Bear

Phase 1 (UTC 00-06) saw a single-stage 0.50% sell-off with 54,521 ETH in concentrated volume | Price touched the window low of $1,872.00, a typical pattern of concentrated selling triggered by negative news
OI fell a net 0.69% over 24 hours, near neutral | OI declined by 15,729 ETH with capital neither notably exiting nor actively building positions
Taker selling dominated with 24-hour average 0.9942 below 1.0 | Persistent taker-side sell pressure, although the latest 0.8639 print shows some buy-side return without an effective price rebound
Phase 2 (UTC 06-12) delivered a single-stage 0.14% rebound on volume of 47,706 ETH | Price touched the window high of $1,935.68, a typical post-negative-event technical rebound pattern
Top-trader long/short positions averaged 1.33 over 24 hours, indicating a mildly bullish institutional stance | The ratio averaged 1.33 and ended at 1.36, showing institutions remained mildly bullish throughout the window
Taker buying returned to 0.8639 above neutral in the closing session | Taker buying returned at the close, showing market support around $1,872.00