Tldr:
- Ethereum price forecasts remain focused on the $1,800 area, where around 4.30 million ETH were previously traded.
- ETH could target $1,980 and $2,079 if buyers reclaim the high-volume resistance area with stronger spot demand.
- Binance ETH reserves have increased since late June, raising concerns about more available supply on the exchange.
- Derivatives data improved, but steady open interest shows that ETH’s recent rebound was not primarily driven by leverage.
Ethereum price forecast remains closed around the $1,800 level, as buyers attempt to reclaim a key resistance area. ETH recently traded near $1,780 after a sharp rebound from its lows in late June. The move has improved sentiment in the short term, but the structure still lacks widespread confirmation.
About 4.30 million Ethereum It traded near $1,800, based on UTXO-verified price distribution data. This makes the level a major supply area. A clean recovery could open a move towards $1,980 and $2,079. Rejection could expose lower volume below, with the next key support line near $1,237.
Ethereum price prediction faces $1,800 supply wall
Ethereum price prediction now depends on how ETH will react near the $1,800 resistance range. The region becomes important as the volume profile data and moving averages are aligned near the same region.
ETH is also facing pressure from the 50-day EMA near $1,806. The 100-day EMA is higher near $1,970, near the next major upside target. This keeps the recovery below the medium-term structure for now.
The daily chart shows a constructive but incomplete recovery. The RSI is approaching 57 points which indicates improving momentum, but does not confirm a complete bullish turn. A stochastic reading near 86 also shows that the short-term uptrend may extend.
Immediate support is near the $1,741 area, followed by the 20-day EMA at around $1,713. Deeper support levels stand near $1,524 and $1,405 if sellers regain control. A larger breakdown will refocus on the $1,156 area.
Ethereum price prediction could become stronger if ETH closes above $1,806 as demand picks up. The next upside levels will then settle around $1909, $2018, $2108, and $2211.
ETH price signals show that demand remains selective
Binance Ethereum reserves Their number has increased from 3.64 million to 3.87 million since late June. This represents an increase of about 221,000 ETH, or 6.1%. Higher exchange reserves can indicate higher potential sell-side liquidity.
Order volume data adds a cautious signal. The average ETH order volume has moved into “left whale” territory, according to CryptoQuant analysis. This suggests that larger participants are reducing their footprint in the market.
This creates a weaker setup under the recent bounce. more Ethereum Available on Binance, while whale-sized demand is no longer strong. Therefore, the Ethereum price outlook remains sensitive to any failed breakout near $1,800.
Derivatives data looks more positive, but does not show excessive leverage. Ethereum The company has gained about 14% since net taker volume turned positive on June 28. A positive net taker size indicates stronger buying pressure in permanent markets.
Open interest remained mostly flat during the rebound. The estimated leverage ratio also failed to rise sharply after falling in June. This suggests that the move is not driven by aggressive leveraged buys.
This reduces the risk of a significant long squeeze, but also shows caution among traders. ETH needs stronger spot demand and whale participation to confirm the healthy trend. Meanwhile, US ETH ETFs recorded three consecutive days of net inflows, adding some support to sentiment.
