Ethereum ($ETH) The price trend was in a downward trend in the long term, but has recovered 8.05% past week and 4.9% Even just in the last 24 hours. However, Ethereum Spot ETF flows have been negative since June 17, 2026, according to data from Farside Investors. $358.3 million.
These sustained outflows highlighted the bearish market sentiment behind major cryptocurrency altcoins. In 2026, two major support levels will be lost. $32,000 and $20,000 level.
AMBCrypto reported that Ethereum is trading at: 1.5 thousand dollarswitnessed strong bearish positioning, but also warned of a possible short squeeze.
The taker buy/sell ratio has soared above 1 in the past few days of trading. The 7-day moving average of this indicator also rose above 1. This indicates that the recent rally is partially driven by aggressive buy orders in the perpetual swaps market.
Open interest also rose slightly. Rising speculative interest and buyer aggressiveness could fuel a short squeeze in the coming days. However, if open interest starts to slow again, it would indicate that the rally was caused by the unwinding of short positions rather than sustained demand.
Dilemma for long-term Ethereum investors
Ethereum MVRV extreme deviation price band forms a band using the all-time MVRV average and the degree of deviation from it. These bands act as dynamic support/resistance levels.
Now, the band’s extreme bass, -1.0por one standard deviation below the mean, $1,549was providing support.
Crypto analyst Ali Martinez noted in a post on X that July started with a buy signal on the monthly time frame from the TD Sequential indicator.
Ethereum rallied when the same monthly buy signals flashed in September 2022 and March 2025 235% and 182%respectively.
Based on ETF flows and broader market sentiment, it didn’t seem like a major market bottom was forming. Only time will tell whether a deeper drawdown is in store.
Final summary
- The rise in the share of Ethereum takers buying in the perpetual market and open interest indicates an increase in short-term speculative interest.
- $ETHspot ETF flows have been negative over the past two weeks, highlighting weak investor confidence.
