Ethereum · 2026-09-18
That day's view: September 18 continued the overnight explosive strength, with ETH opening at 2447.28, closing at 2612.14, high at 2646.00 and low at 2436.89, surging +6.74%, breaking through the 2600 round number and the 2646 previous high, elasticity significantly outperforming BTC, with clear catch-up pattern. Trading volume was 507,313 tokens, approximately 113.3% increase compared to September 17's 237,880 tokens, sufficient volume coordination confirms sustained buying momentum influx. Funding rate at +0.00786%, continuing positive and roughly doubling from September 17's +0.00382%, no flip signal appeared. Open interest increased from 2,285,408 contracts to 2,357,865 contracts, a 3.17% increase, price rise accompanied by significant open interest expansion, institutional whale position ratio rose from 1.37 to 1.59 at close, showing typical active new long position building characteristics, fear and greed index at 56 rose with BTC to light greed zone. Overall judged as (a) mild and healthy, forming a differentiated capital rotation pattern with BTC's short covering rebound, September 18 showed BTC weak alpha capital outflow, ETH strong beta absorbing volume structure. Key resistance at 2646 level, next resistance at 2700 round number, support at 2500 round number, watching if ETH/BTC exchange rate can hold above 0.0322, watching Fed Vice Chair Voss's first remarks on risk asset repricing impact.
Key Data
- ETH closing price: UTC 2026-09-18 00:00 reported $2447.28, UTC 2026-09-18 24:00 reported $2612.60, within window +6.74%
- Intraday range: High $2646.00 / Low $2436.89, range $209.11 (8.54%)
- 24-hour total network volume: 507,313 ETH (approximately $1.296 billion)
- Perpetual contract funding rate: four-period average +0.00786% (09-18 00:00 +0.00370% / 09-18 08:00 +0.00775% / 09-18 16:00 +0.01000% / 09-19 00:00 +0.01000%)
- Active trader buy/sell ratio: 24-hour average 1.0487, latest 0.8135
- Long/short account ratio (retail): 24-hour average 2.5296, latest 2.1328
- Whale long/short ratio: 24-hour average 1.5027, latest 1.5866
- Open interest (OI): 24h net +3.17%, now at 2,357,865 ETH
- Perpetual basis: Stable in -0.05% to +0.05% range
- Fear and greed index: 2026-09-18 reported 56 (Neutral)
24H Market Recap
- Phase · Early (UTC 00-06): Opened $2447.28 → $2480.62, +1.36%, 6h volume 74,690 ETH
- Phase · Morning afternoon (UTC 06-12): Opened $2480.62 → $2508.12, +1.11%, 6h volume 99,490 ETH
- Phase · Afternoon (UTC 12-18): Opened $2508.12 → $2607.44, +3.96%, 6h volume 211,382 ETH
- Phase · Closing (UTC 18-24): Opened $2607.44 → $2612.14, +0.18%, 6h volume 121,751 ETH
Future Macro Calendar
- 🟡 2026-09-25 (Friday) · BTC September options expiry (Deribit) · Impact: Medium
Multi-Side Battle
- Phase 4 (UTC 18-24) single phase surged +0.18% + concentrated volume 121,751 ETH | Touched window low $2436.89, typical "negative news event triggered concentrated selling pressure" pattern
- OI 24h net +3.17% price up OI increase = short positions actively building | OI increased +72,456 ETH while price rose +6.74%, typical active short accumulation
- Amplitude 8.54% high volatility reflects intense multi-side battle | 24h amplitude 8.54% hit recent high, price volatility rising = increased position risk
- Phase 3 (UTC 12-18) single phase rebound +3.96% + volume 211,382 ETH | Touched window high $2646.00, typical "technical rebound after negative event" pattern
- Whale long/short ratio 24h average 1.50 institutions slightly bullish | Whale L/S 24h average 1.50 / end of day 1.59, showing institutions maintained slightly bullish stance within window
- Close at $2612.14 held $2436.89-$2646.00 range | 24h price stayed within window range, didn't break below lower boundary = short-term support effective