Ethereum

Balance

CRYPTO

Spot

<h3 id="key-highlights">Key Highlights</h3>
<ul>
 <li>Major whale acquired 89,396 ETH valued at approximately $164.88 million across three days</li>
 <li>Ethereum declined 3.6% in the last 24 hours, currently hovering around $1,823</li>
 <li>US market sentiment stays bearish even with $68M in ETH ETF inflows recorded this week</li>
 <li>Network active addresses dropped to December lows while transaction volume surged to record highs</li>
 <li>Crypto analyst Michaël van de Poppe projects ETH could reach $2,200–$2,400 with $1,780 support intact</li>
</ul>
<p>Ethereum currently trades around $1,823 following a 3.6% decline in the past day. The cryptocurrency pushed toward $1,944 three days earlier but faced resistance, retreating to $1,819 before staging a modest bounce.</p>
<figure class="wp-caption aligncenter"><img src="https://blockonomi.com/wp-content/uploads/2026/07/chart-36-1.webp" alt="Ethereum (ETH) Price" width="1824" height="1248">
 <figcaption><a href="https://www.coingecko.com/en/coins/ethereum?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">Ethereum (ETH) Price</a>
 </figcaption>
</figure>
<p>While prices declined, significant whale movements emerged. Blockchain monitoring service Lookonchain identified two freshly established wallets that pulled 20,000 ETH from Coinbase Prime across two separate 10,000 ETH transactions totaling $37.72 million. This same whale entity had previously acquired 30,000 ETH valued at $57.6 million on July 16, pushing its three-day accumulation to 89,396 ETH worth roughly $164.88 million.</p>
<p>Data from CryptoQuant’s Spot Average Order Size indicator revealed substantial whale-sized orders occurring for seven straight days. That said, the metric captures both buy and sell orders, confirming heightened whale activity without indicating directional bias.</p>
<p>According to CoinGlass analytics, Ethereum’s Spot Netflow stayed negative for the second consecutive day at -$23.6 million compared to -$49 million previously. This indicates ongoing but decelerating net outflows from exchanges.</p>
<figure class="wp-caption alignnone"><img src="https://blockonomi.com/wp-content/uploads/2026/07/Ethereum-spot-netflow.png" alt="" width="1852" height="525">
 <figcaption>
  Source: Coinglass
 </figcaption>
</figure>
<h3 id="mixed-network-fundamentals">Mixed Network Fundamentals</h3>
<p>US-based spot Ethereum ETFs are poised to finish the week with $68 million in combined net inflows spanning Monday through Thursday. Exchange reserves have simultaneously decreased by 253,000 ETH since July 5, indicating investors are transferring holdings to personal wallets.</p>
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  <p>ETF FLOWS: US SPOT CRYPTO ETFs FLOWS DATA UPDATE (17-07-2026) YESTERDAY</p>
  <p><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f7e9.png" alt="🟩"> Bitcoin ETFs: +2,065 <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> (+$132.30M)<br><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f7e9.png" alt="🟩"> Ethereum ETFs: +19,940 <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> (+$36.73M)<br><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f7e5.png" alt="🟥"> HYPE ETFs: -90.87K <a href="https://x.com/search?q=%24HYPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HYPE</a> (-$5.45M)<br><img src="https://s.w.org/images/core/emoji/17.0.2/72x72/1f7e9.png" alt="🟩"><a href="https://x.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOGE</a>, <a href="https://x.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LINK</a>, <a href="https://x.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BNB</a>, <a href="https://x.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$AVAX</a>, <a href="https://x.com/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DOT</a>, <a href="https://x.com/search?q=%24HBAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$HBAR</a> , <a href="https://x.com/search?q=%24LTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$LTC</a>, <a href="https://x.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$XRP</a>, <a href="https://x.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> Flows Was Zero.</p>
  <p>TOTAL US… <a href="https://t.co/OJCQThZG56" rel="noopener noreferrer nofollow">https://t.co/OJCQThZG56</a><a href="https://t.co/cvNBFllZkp" rel="noopener noreferrer nofollow">pic.twitter.com/cvNBFllZkp</a></p>
  <p>— Crypto Patel (@CryptoPatel) <a href="https://x.com/CryptoPatel/status/2078426805057253623?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 18, 2026</a></p>
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<p>Despite these positive signals, the Coinbase Premium Index—which measures US institutional demand—continues trading in negative territory. Ethereum network active addresses have contracted to a 14-day simple moving average of 397,000, marking the lowest reading since December, even while daily transactions climbed to an all-time high of 2.65 million.</p>
<p>The amount of staked ETH has climbed to an unprecedented 40.93 million ETH. Much of this increase, however, stems from a single participant: treasury management firm BitMine Immersion, which has staked 4.9 million ETH since December.</p>
<h3 id="technical-outlook-and-key-levels">Technical Outlook and Key Levels</h3>
<p>The Balance of Power indicator shifted dramatically from 0.93 to -0.61, signaling that sellers currently dominate near-term price momentum.</p>
<p>Looking at the daily timeframe, <a href="https://coincentral.com/ethereum-baccarat-sites/" rel="noopener noreferrer nofollow">Ethereum</a> maintains its position above the 20- and 50-day exponential moving averages positioned at $1,791 and $1,812 respectively. Immediate resistance appears at $1,909, followed by $1,942 and $2,018. Downside support levels include $1,806, with stronger zones at $1,741 and $1,524.</p>
<p>Prominent crypto trader Michaël van de Poppe (@CryptoMichNL) stated on X that Ethereum hitting $2,000 soon is “incredibly more likely,” pointing to an emerging uptrend and solid support maintaining at $1,780. He outlined subsequent price targets between $2,200 and $2,400, emphasizing that the market structure “shouldn’t be overcomplicated.”</p>
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 <blockquote class="twitter-tweet">
  <p>It's incredibly more likely that we'll start to see <a href="https://x.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> at $2,000+ in the near future.</p>
  <p>The asset is running a new upwards trend and flipping previous resistance levels for support.</p>
  <p>I don't think things should be overcomplicated, and on the lower timeframe levels, it's clearly… <a href="https://t.co/h7OAoppiec" rel="noopener noreferrer nofollow">pic.twitter.com/h7OAoppiec</a></p>
  <p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://x.com/CryptoMichNL/status/2078407408641089920?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 18, 2026</a></p>
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<p>Over the past 24 hours, ETH saw $91.4 million in total liquidations, with long positions accounting for $61 million of that figure.</p>
<p>The post <a href="https://blockonomi.com/ethereum-eth-price-retreats-7-as-whale-accumulates-165m-recovery-ahead/" rel="noopener noreferrer nofollow">Ethereum (ETH) Price Retreats 7% as Whale Accumulates $165M — Recovery Ahead?</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

Ethereum (ETH) Price Retreats 7% as Whale Accumulates $165M — Recovery Ahead?

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