Key Highlights
- ETH surged to approximately $1,715 on July 3, registering gains exceeding 6% within a 24-hour period
- A historic monthly TD Sequential buy indicator has emerged, previously observed ahead of substantial price increases in 2022 and 2025
- Spot Ethereum ETFs in the United States recorded $29.08 million in net positive flows on July 2, with BlackRock’s ETHA dominating
- Market observer Daan Crypto Trades identified $1,750 as a critical threshold, describing it as a decisive test for breaking ETH’s prevailing downward trajectory
- ETH withdrawals from Binance reached a three-year peak, although positive netflow figures suggest continued selling pressure exists
On July 3, Ethereum successfully reclaimed the $1,700 threshold, hovering around $1,715 following a sharp 24-hour price increase of over 6%. This upward movement returned ETH to a price zone that market participants have been monitoring intensely following several weeks of sustained downward pressure.
The price rebound coincided with renewed capital inflows into U.S.-based spot Ethereum exchange-traded funds. Data from SoSoValue indicates that these investment vehicles captured $29.08 million in aggregate net inflows on July 2. BlackRock’s ETHA product dominated with $29.74 million in fresh capital, whereas Grayscale’s ETHE experienced withdrawals totaling $2.75 million.
Market analyst Daan Crypto Trades shared his perspective on the price action via social platforms. He observed that ETH had climbed 10% over the weekly timeframe and was now retesting the February low situated around $1,750. He characterized this zone as a pivotal threshold to recapture, stating it would “signal some strength.” He further emphasized that this identical region confirmed a structural market breakdown in 2025, lending it historical significance. He indicated he was maintaining a neutral stance and monitoring how price interaction unfolds at the close.
$ETH Meanwhile pushing up 10% on the week and retesting that February low at ~$1750 again.
This is a key level to retake and would signal some strength to me. So the question now is whether this is just another lower high in this down trend or the start of something bigger. This… https://t.co/xVT7xRqAwV pic.twitter.com/20Fo4oBawE
— Daan Crypto Trades (@DaanCrypto) July 3, 2026
Additionally, Ethereum generated a monthly TD Sequential buy indication — an infrequent technical occurrence. Market analyst Ali Charts suggested this signal indicates exhaustion among sellers on an extended timeframe. Historical monthly buy signals preceded price rallies of 235% in 2022 and 182% in 2025. While the indicator doesn’t validate a fresh bullish cycle, it has captured significant attention among technical market analysts.
ETHEREUM: BULLISH REVERSAL SIGNAL
The month of July has officially kicked off with a massive technical signal. The Tom DeMark (TD) Sequential indicator has just printed a buy signal on Ethereum’s monthly chart.
While a lot of volatility can play out within a newly opened… https://t.co/LNkygeYlUV pic.twitter.com/U8t1iKl3Th
— Ali Charts (@alicharts) July 2, 2026
Chart Analysis
The MACD histogram displays a positive reading at 19.33, with the MACD line executing a crossover above its signal line. Nevertheless, both indicators continue trading beneath the zero threshold, suggesting the trend hasn’t experienced a complete reversal. The RSI has strengthened to approximately 51.85, advancing beyond its moving average of 38.12 and surpassing the neutral 50 benchmark.
Ethereum bounced from a double-bottom formation near $1,565. Immediate resistance stands at $1,800, with additional barriers at $2,000. A concentration of liquidity around $1,740–$1,750 exists just above the current trading range, potentially acting as a near-term magnet for price action.
Cryptocurrency analyst Crypto Patel highlighted that ETH just completed its first-ever sequence of three consecutive negative quarters since its inception — an unprecedented occurrence in Ethereum’s trading history.
For the First Time Since Launch, $ETH Just Recorded Its First-Ever Three Straight Red Quarters.
A Rare Chapter in Ethereum’s Market History. pic.twitter.com/IprrGHofjE
— Crypto Patel (@CryptoPatel) July 4, 2026
Blockchain Metrics and Futures Market Analysis
Open interest expanded 10.64% to reach $24.54 billion, while ETH trading volume increased 14.48% to $44.74 billion. Funding rates jumped 113.86%, indicating substantial expansion in leveraged long positions throughout the price surge.
CryptoQuant researcher Darkfost documented that Binance ETH withdrawal transactions achieved their highest count in three years, exceeding 166,000 within a single 24-hour window. Concurrently, analyst PelinayPA observed that Binance ETH exchange netflow maintained a positive status at +12,938 ETH, signifying that more ETH flowed onto the exchange platform than departed from it.
Corporate accumulation persisted. BitMine now controls over 5.7 million ETH following an additional acquisition of 27,084 ETH. SharpLink purchased an additional 10,000 ETH valued at $16.1 million during the recent price decline.
