Ethereum · 2026-08-04

That day's trend: Neutral leaning bullish

That day's view: ETH opened 8/4 at $1,860.50 and closed at $1,869.75, with an intraday high/low of $1,882.44 / $1,848.38, a +0.50% move over 24 hours. Volume printed 185,255 ETH, up 5.5% from 175,607 ETH the prior day — a modest volume-and-price co-direction. Average perpetual funding rose to +0.00538% from +0.00455% the prior day, an 18.3% lift and roughly 1.15x BTC's print, while Open Interest edged up just 0.08% over the same window — leverage expansion is limited, classifying the move as (a) a measured healthy repair, though funding is heating up faster than positioning. Taker buy/sell averaged 1.07 with a 1.13 latest print, leaving buyers marginally in control; the retail long/short account ratio remains elevated at 2.30, leaving the crowded-long risk unresolved. FGI fell from 28 to 25, re-entering Extreme Fear, leaving the rebound without sentiment confirmation. On balance, $1,882–$1,900 is the immediate overhead hurdle and a volume-expanding break is needed for follow-through; on the downside, $1,848 is the first line of defense, with a loss opening a retest of the $1,820–$1,830 area.

Key Data

ETH closing price: opened UTC 2026-08-04 00:00 at $1,860.50, closed UTC 2026-08-04 24:00 at $1,868.88 — window +0.50%
Intraday range: high $1,882.44 / low $1,848.38, range $34.06 (1.83%)
24-hour total network volume: 185,255 ETH (~$346M)
Perpetual funding rate: 4-period average +0.00538% (08-04 00:00 +0.00540% / 08-04 08:00 +0.00534% / 08-04 16:00 +0.00731% / 08-05 00:00 +0.00347%)
Taker buy/sell ratio: 24h average 1.0735, latest 1.1329
Retail long/short account ratio: 24h average 2.3240, latest 2.2960
Top-trader long/short position ratio: 24h average 1.4857, latest 1.4894
Open Interest (OI): 24h net +0.08%, currently 2,329,080 ETH
Perpetual basis: stable in the -0.05% to +0.05% band
Fear & Greed Index: 2026-08-04 print 25 (Fear)

24H Price Review

Phase · Early (UTC 00-06): open $1,860.50 → $1,864.42, +0.21%, 6h volume 38,288 ETH.
Phase · Late morning (UTC 06-12): open $1,864.42 → $1,872.89, +0.45%, 6h volume 48,898 ETH.
Phase · Afternoon (UTC 12-18): open $1,872.88 → $1,869.53, -0.18%, 6h volume 65,182 ETH.
Phase · Close (UTC 18-24): open $1,869.54 → $1,869.75, +0.01%, 6h volume 32,886 ETH.

Bull vs. Bear

Phase 3 (UTC 12-18) single-stage sell-off of -0.18% with volume concentrated at 65,182 ETH | printed the window low of $1,848.38 — classic 'event-driven concentrated selling' pattern
OI 24h net +0.08%, near neutral | OI added +1,907 ETH, capital neither exiting nor actively building positions
Range 1.83% elevated volatility reflects fierce bull-bear contest | 24h range of 1.83% hit a recent high, rising price volatility translates into elevated position-holding risk
Phase 2 (UTC 06-12) single-stage rebound of +0.45% with volume of 48,898 ETH | printed the window high of $1,882.44 — classic 'post-event technical rebound' pattern
Top-trader long/short position ratio 24h average 1.49 — institutions mildly long | whale L/S 24h average 1.49 / late session 1.49, showing institutions maintained a mildly bullish stance through the window
Taker buy pressure late session 1.1329 > 1.0 — buy side returning | taker buy flow returning in the late session, signaling bid support clustered near the $1,848.38 area