ETH Tests $1,820 Resistance as ETH/BTC Strength and ETF Inflows Rise

| cryptoadventure.com
Ethereum (ETH) has rebounded from the $1,750 area and is now testing the $1,820 resistance zone, briefly clearing $1,820. A stronger daily close above $1,820 is needed to drive follow-through toward $1,850 and then $1,900. Near-term support is around $1,780, with $1,750 acting as the key invalidation level; a break below $1,750 could send ETH back into the pre-rally range. ETH/BTC has improved to about 0.0283 after a descending trendline break, signaling relative strength versus Bitcoin rather than a pure USD bounce. Flows add support: U.S. spot Ethereum ETFs recorded net inflows of about $84.3M (July 6–10), with a clear spike around July 8–10. On exchange supply, Binance saw over 166,000 ETH withdrawal transactions in a single day, the highest in 3+ years. Traders should also watch leverage risk. Bitfinex margin longs increased sharply during the rebound, which may amplify gains if ETH holds above $1,820, but can raise liquidation risk if ETH falls back below $1,780. Key levels to trade: $1,820–$1,850 resistance, $1,780 support, $1,750 invalidation.
Neutral
ETH’s setup has bullish catalysts, but the breakout is not confirmed yet. ETF inflows (~$84.3M net) and heavy Binance ETH withdrawals point to supportive demand and tighter spot supply. The ETH/BTC rise to ~0.0283 after a descending trendline break also suggests ETH is gaining relative strength versus BTC. However, price action is still constrained by the $1,820–$1,850 resistance band. Traders need a stronger daily close above $1,820 for follow-through; otherwise, ETH can stall or mean-revert. Additionally, leverage has increased (Bitfinex margin longs), which can amplify both directions—raising liquidation risk if ETH slips back below $1,780. This mix of supportive flows and rising derivative risk supports a neutral-to-conditional stance rather than an outright bullish call. Short-term: watch $1,820 for confirmation and $1,750 for downside invalidation. Longer-term: sustained ETF-driven demand and relative-strength trends could keep the market bid, but overextension signals (earlier overbought/risk of correction) may cap upside until resistance breaks.