Ethereum · 2026-08-05
That day's view: ETH closed at $1,908.90 on 2026-08-05 (+2.09%, 2.4x that of BTC's +0.87%), in a high-beta strong rebound. Open $1,869.74 / high $1,928.00 / low $1,855.50, intraday range 3.9% (BTC only 1.8%). Volume of 238,330 ETH is slightly above the 6/24 median — price-volume confirmation is decent. Perpetual funding rate at +0.00188% (slightly positive), same direction as BTC's +0.00299% but 0.63x lower — ETH long-side conviction is weaker than BTC's. Open interest fell from 2,329,080 to 2,311,975 (-0.73%). Combined with the strong rally, this is a (c-mix) hybrid pattern of major-player long reduction layered with short covering: top accounts trimmed into the strength while shorts were forced to stop out, lacking new long follow-through. Compared to BTC's pure (c) short-covering rally, ETH's strength is 2.4x amplified but the underlying major-player intent is weaker (OI decline smaller than BTC by 0.31pp). FGI 27 (Extreme Fear) held — rebound momentum carries rising decay risk. Key levels: resistance $1,928 (H), support $1,855 (L). Watch the ETH/BTC ratio of 0.0295 and tonight's US equity open.
Key Data
- ETH closing price: UTC 2026-08-05 00:00 $1,869.74, UTC 2026-08-05 24:00 $1,909.95, +2.09% over the window
- Intraday range: high $1,928.00 / low $1,855.50, range $72.50 (3.88%)
- 24-hour total network volume: 238,330 ETH (~$450M)
- Perpetual funding rate: 4-period average +0.00188% (08-05 00:00 +0.00347% / 08-05 08:00 +0.00061% / 08-05 16:00 +0.00305% / 08-06 00:00 +0.00039%)
- Taker buy/sell ratio: 24h average 0.9853, latest 0.9407
- Retail long/short account ratio: 24h average 2.2395, latest 1.9551
- Top-trader long/short ratio: 24h average 1.4569, latest 1.3358
- Open interest (OI): 24h net -0.73%, currently 2,311,975 ETH
- Perpetual basis: stable in -0.05% to +0.05% range
- Fear & Greed Index: 2026-08-05 reading 27 (Fear)
24H Price Review
- Phase · Early (UTC 00-06): open $1,869.74 → $1,873.46, +0.20%, 6h volume 33,017 ETH.
- Phase · Pre-noon (UTC 06-12): open $1,873.46 → $1,868.92, -0.24%, 6h volume 48,052 ETH.
- Phase · Afternoon (UTC 12-18): open $1,868.92 → $1,916.75, +2.56%, 6h volume 104,976 ETH.
- Phase · Close (UTC 18-24): open $1,916.75 → $1,908.90, -0.41%, 6h volume 52,285 ETH.
Bull vs. Bear
- Phase 4 (UTC 18-24) single-phase selloff -0.41% + concentrated volume 52,285 ETH | touched the window low $1,855.50, a textbook "concentrated selling triggered by a bearish event" pattern
- OI 24h net -0.73% near-neutral | OI net -17,105 ETH, capital not actively exiting but neither actively building positions
- Taker selling 24h average 0.9853 < 1.0, sellers dominant | Taker flows stayed seller-dominated; even though late-session buy flow returned at 0.9407, price did not stage an effective rebound
- Phase 3 (UTC 12-18) single-phase rebound +2.56% + volume 104,976 ETH | touched the window high $1,928.00, a textbook "technical rebound after a bearish event"
- Top-trader L/S 24h average 1.46, institutions mildly bullish | top-trader L/S 24h avg 1.46 / close 1.34, institutions maintained a mildly bullish stance through the window
- Close $1,908.90 held the $1,855.50–$1,928.00 range | price held within the intraday range, did not break the lower bound — short-term support intact