Ethereum Reclaims $1,750 After 10% Weekly Rebound

Ethereum News

Ethereum (ETH) has clawed back to the $1,750 region after a roughly 10% weekly rebound that reversed the prior week’s losses, and momentum tools now point to a rare structural turn. A monthly TD Sequential print — the trend-exhaustion indicator built by Tom DeMark to flag when a directional move is running out of sellers — has flashed a fresh buy signal on the Ethereum chart for the first time this cycle. The same setup preceded a 235% advance in 2022 and a 182% squeeze in 2025. ETH added about 8% over the week and near 5% in 24 hours, though the second-largest altcoin remains locked in a broader downtrend.

The rebound coincided with the heaviest exchange outflow in years. On-chain data shows more than 166,000 ETH left Binance in a single day, the largest daily Ethereum withdrawal from the platform since March 2023, when the collapse of Silicon Valley Bank triggered a liquidity scramble. Large outflows are typically read as coins moving into cold storage or long-term custody, easing immediate sell-side pressure. The timing stood out: the exodus landed while ETH changed hands near $1,500, the zone many traders had flagged as an accumulation floor. Standing alone, exchange flows never guarantee higher prices, but paired with the price bounce they revived talk of smart-money bottom-buying.

Institutional flows tell a more cautious story. Fund-flow data indicates U.S. spot Ethereum ETFs have bled a combined $358.3 million since June 17, a steady drip that underscores how fragile sentiment remains beneath the surface rally. The persistent redemptions sit awkwardly against the bullish on-chain and derivatives readings, a divergence that keeps the longer-term picture unresolved. Analysts highlight that a durable bottom is unlikely to be confirmed until those product outflows reverse into net inflows. Until Wall Street allocators turn buyers again, any relief rally risks being capped, leaving ETH dependent on spot and futures demand rather than passive institutional bids.

On the chart, our read of the price action frames a clear battle zone. Ethereum defended the $1,500 support that had capped last week’s decline and rebounded firmly, but the recovery only becomes credible on a decisive break of $1,800 resistance. A rejection there would mark the move as a bearish bounce within the broader bear market — short-lived relief before sellers reassert control. A confirmed close above $1,800 would open the door to a genuine local bottom and a push higher, while a fresh loss of $1,500 would invalidate the recovery thesis and expose lower levels. For now, ETH is caught between those two lines, with volume the deciding variable.

Futures positioning adds another bullish thread. Derivatives data shows the perpetual taker buy-sell ratio — a gauge of whether aggressive market orders are hitting the bid or the offer — has climbed back above 1, with its seven-day average also turning up, a sign the rally drew genuine leveraged buying rather than spot demand alone. Open interest ticked higher alongside it. With heavy short positions still stacked near recent lows, that combination raises the odds of a short squeeze, in which rising prices force bearish traders to buy back their positions. The caveat: if open interest rolls over, the bounce would look driven by short covering, not fresh demand.

The context for all of this is a brutal drawdown. Ethereum trades roughly 67% below its 2025 peak, having surrendered the $3,200 and $2,000 supports earlier this year and underperformed Bitcoin by more than 15 percentage points over the stretch. Weakening network revenue, intensifying automated market maker and layer-2 competition, and thinner risk appetite all weighed. Part of the recent self-custody flight also reflects hedging: some withdrawals track capital chasing DeFi lending and staking yield, and investors front-running the EU’s MiCA framework by exiting non-compliant venues. Against Bitcoin’s shallower slide, ETH’s discount now sits far below its all-time high.

COINOTAG’s proprietary 42-indicator composite scoring engine rates the $1,733 support at 80/100 — our strongest level — anchored by the confluence of the S2 pivot and the 0.236 Fibonacci retracement, the line bulls must hold. To the upside, the engine scores $1,777 resistance at 67/100 on the prior-day high, R3 pivot and swing high, with the heavier $1,986 barrier (61/100, Fibonacci 0.500 and EMA 100) capping any extended run. Derivatives read constructively: positive 0.0043% funding, $6.66 billion in open interest and a 1.79 long/short ratio (64% long) show traders leaning bullish. Yet a Fear & Greed print of 22 (Extreme Fear) and an intact downtrend temper the case — RSI near 54 with a bullish MACD favors the bounce, but a break below $1,733 invalidates it.