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Ether (ETH) traded at $1,778.53 on the daily chart, down 1.50% on the day, according to TradingView data.
The candle opened at $1,805.67 and reached a high of $1,841.45, its first close above $1,800 in over a month, before sellers pulled it back to a low of $1,773.42, giving back most of the session’s gains.
Spot Ether exchange-traded funds (ETFs) posted an $84.42-million net inflow for the week of July 10, according to SoSoValue weekly data, the largest single week in the current data set and a clean break from eight consecutive negative weeks running from May 15 through July 2.
Those eight weeks totaled $1.2 billion in outflows: $255.11 million, $215.99 million, $241.45 million, $173.05 million, $14.91 million, $10.05 million, $273.34 million, and $13.67 million, in that order. Cumulative net inflow rose from $10.89 billion to $10.97 billion on the reversal.
One green week is not yet a confirmed trend. This same data set shows a prior single positive week of $70.49 million for the week of May 8, immediately preceded by an $82.47-million outflow the week before and followed by a $173.05-million outflow a few weeks later.
The pattern of one strong week getting reabsorbed into the broader losing streak has already happened once this year, and the July 17 print is the specific, dateable checkpoint that will show whether this week’s reversal holds or repeats that pattern.
The scale of this week’s inflow also stands out against the year’s stronger stretches. April’s four weekly prints ranged from a $42.15-million outflow to a $275.83-million inflow, with three of the four positive, a considerably stronger run than anything the ETF complex has produced since. Measured against that backdrop, $84.42 million is a genuine positive print but not yet evidence that ETH ETF demand has returned to its April pace.
The daily ETH/USD chart and technical data from TradingView show a mixed picture of moving averages (MAs).
The 10-day exponential moving average (EMA) at $1,762.95, the 20-day EMA at $1,740.20, the 20-day simple moving average (SMA) at $1,696.24, and the 30-day EMA at $1,747.21 all sit below the current price and signal an upward trend. The 10-day SMA at $1,777.94 sits just above the current price and shows a downward signal, effectively splitting the short-term MA stack.
The 50-day EMA at $1,798.06 and the Hull MA at $1,796.49 form a resistance cluster near $1,800 that capped today’s high, with both indicating a downward signal. The 50-day SMA at $1,754.71 sits below the current price and shows an upward signal, meaning the 50-day tier itself is split between its EMA and SMA readings, a genuine disagreement rather than a clean bearish or bullish signal.
The relative strength index (RSI) reads 54.16, above the neutral 50 line despite the pullback.
The average directional index (ADX) reads 24.05, indicating a weak-to-moderate trend.
The moving average convergence/divergence (MACD) at 14.14 shows a positive signal, its strongest positive reading in this recovery attempt. In contrast, the stochastic %K at 84.52 shows a downward signal from overbought territory, consistent with today’s reversal off the highs.
Immediate resistance sits at the day’s high of $1,841.45, followed by the 50-day EMA and Hull MA cluster at $1,796 to $1,798, which the market has now tested and failed to close above. Support sits at the day’s low of $1,773.42, with the 30-day SMA at $1,708.04 and the 20-day SMA at $1,696.24 the next cluster below.
A confirmed daily close above $1,798-$1,800 would be the first genuine break of that resistance since June, while a close below $1,773.42 would suggest today’s high was a failed breakout attempt.
Two signals landed in the same week without fully confirming each other. The ETF reversal is real but single-week, with a documented precedent this year of one strong week getting swallowed by the next.
The price action tells a similar story at a shorter time frame: ETH reached $1,841.45, its highest level in over a month, then reversed hard enough to erase the day’s gains and close lower, stopping just below the resistance cluster at $1,796-$1,798 rather than clearing it. Both the flow data and the chart show the same pattern: an attempt at a breakout that hasn’t yet been confirmed.
The split within the MA stack itself reinforces that reading. The 10-day SMA and 50-day EMA both signal downward, even as most surrounding MAs signal upward, suggesting the technical picture is divided rather than uniformly bullish or bearish. That kind of split, with the price sitting inside a contested zone rather than above or below it, tends to resolve with a decisive move once one side of the argument wins, rather than continuing to drift sideways indefinitely.
The July 17 ETF print and a daily close above $1,798 are the two specific, checkable events that would turn this from an attempt into a confirmed reversal. Until both arrive, treating today’s high as anything more than a resistance test would be getting ahead of the data.
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