TLDR
- Ethereum traded near $1,715 on July 3, up more than 6% in 24 hours
- A rare monthly TD Sequential buy signal has printed, last seen before major rallies in 2022 and 2025
- U.S. spot Ethereum ETFs logged $29.08 million in net inflows on July 2, led by BlackRock’s ETHA
- Analyst Daan Crypto Trades flagged $1,750 as a key level, calling it a test of whether ETH can break its downtrend
- Binance ETH withdrawals hit a three-year high, though positive exchange netflow still shows selling risk
Ethereum climbed back above $1,700 on July 3, trading near $1,715 after gaining more than 6% in 24 hours. The move brought ETH back to a level traders have watched closely after weeks of selling pressure.
The recovery came as U.S. spot Ethereum ETFs returned to inflows. On July 2, spot ETFs recorded $29.08 million in total net inflows, according to SoSoValue. BlackRock’s ETHA led with $29.74 million, while Grayscale’s ETHE saw outflows of $2.75 million.
Analyst Daan Crypto Trades weighed in on the move on social media. He noted that ETH was up 10% on the week and retesting the February low around $1,750. He called it a key level to reclaim, saying it would “signal some strength.” He added that the same area confirmed a market structure break in 2025, making it historically important. He said he had no strong opinion yet and was watching how price handled the resistance 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
Ethereum also printed a monthly TD Sequential buy signal — a rare technical event. Analyst Ali Charts said the signal points to seller exhaustion on a higher timeframe. Previous monthly buy signals came before rallies of 235% in 2022 and 182% in 2025. The indicator does not confirm a new bull trend, but it has drawn attention from technical traders.
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
Technical Picture
The MACD histogram is positive at 19.33, and the MACD line has crossed above the signal line. However, both lines remain below zero, meaning the trend has not fully reversed. The RSI improved to around 51.85, moving above its moving average of 38.12 and above the neutral 50 level.
Ethereum recovered from a double-bottom near $1,565. The next resistance sits at $1,800, with $2,000 beyond that. A liquidity cluster around $1,740–$1,750 sits directly above current price, which could pull price higher in the short term.
Analyst Crypto Patel pointed out that ETH just recorded its first-ever three straight red quarters since launch — a rare event in Ethereum’s market 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
On-Chain and Derivatives Data
Open interest rose 10.64% to $24.54 billion, and ETH trading volume climbed 14.48% to $44.74 billion. Funding rates surged 113.86%, showing leveraged long positions expanded during the rally.
CryptoQuant analyst Darkfost reported that Binance ETH withdrawal transactions hit their highest level in three years, with over 166,000 in a single day. Meanwhile, analyst PelinayPA noted that Binance ETH exchange netflow stayed positive at +12,938 ETH, meaning more ETH entered the exchange than left it.
Institutional activity continued. BitMine holds more than 5.7 million ETH after adding 27,084 ETH. SharpLink bought another 10,000 ETH for $16.1 million during the recent dip.
