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Ethereum rallies 10% to break $1,800 barrier, backed by net taker volume and spot ETF inflows; key resistance at $1,909 and 100‑day EMA $1,970.
Ethereum surged past $1,800 on July 8, marking a near‑10% weekly gain and the first breach of the $1,806 50‑day EMA since late June 2024 [1]. The move matters because it tests whether spot demand can sustain a breakout beyond short‑term resistance and potentially lift the token toward its 100‑day EMA at $1,970.
| At a glance | |
|---|---|
| Price | $1,812 |
| 24‑h change | +1.2% |
| Key level | $1,806 (50‑day EMA) |
| Catalyst | Net taker volume turn positive & four days of spot ETF net inflows |
The rally was driven by a swing in Ethereum’s Net Taker Volume, which flipped from negative to positive on June 28 and has since supported a 14% price rise [1]. Positive net taker volume indicates buyers dominate the perpetual futures market, reducing the likelihood of a liquidation‑driven pullback. Supporting this, US spot Ethereum ETFs recorded four consecutive sessions of net inflows, reflecting renewed institutional interest [1]. Together, these metrics suggest the price advance is rooted in genuine spot demand rather than leveraged speculation.
On the daily chart, ETH remains below its 50‑day EMA at $1,806 and the 100‑day EMA at $1,970, making the $1,806 level the immediate resistance [1]. If the price sustains above this barrier, the next hurdle is $1,909, followed by the 100‑day EMA at $1,970. Conversely, a drop below $1,806 could see price test support at $1,741 and the 20‑day EMA near $1,713 [1]. The Relative Strength Index sits at 58, indicating improving momentum without overbought conditions, while the MACD remains neutral, reflecting mixed trader sentiment [1].
Ethereum’s recent liquidation heatmap shows roughly $76.2 million in liquidations over the past 24 hours, with $47.6 million from long positions [1]. This suggests that while some leveraged bets were forced out, the overall market structure is less vulnerable to sharp corrections because open interest has stayed relatively flat and leverage ratios have not surged [1]. Nonetheless, the market remains cautious; a failure to hold above $1,806 could trigger renewed selling pressure.
The price action underscores a pivotal moment: if Ethereum can lock in gains above the 50‑day EMA, it may chart a path toward its 100‑day EMA and broader bullish territory; failure to do so could see the token retreat to earlier support levels, keeping the medium‑term outlook uncertain.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 18, 2026 · How we report
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