Ethereum risks correction as buying volume remains weak
Ethereum continues to receive support from spot ETF inflows and large holders, but overall demand remains limited. A lack of buying volume has stalled the rally near $1,950, increasing the probability of a pullback toward the $1,880–$1,900 support zone.
Ethereum continues to benefit from institutional demand. According to SoSoValue, U.S. spot Ethereum ETFs recorded $37.4 million in net inflows on July 21.
In addition to institutional investors, large holders continue to accumulate ETH. Since June 30, one whale has purchased 54,449 ETH worth approximately $94 million at an average price of $1,726.
At the same time, ETF inflows and whale accumulation are creating a positive fundamental backdrop. However, in the short term, Ethereum still needs stronger buying volume to sustain its upward momentum.
Momentum weakens near key resistance
ETH failed to establish a firm foothold above $1,950, as buying volume was insufficient to accelerate the move toward $2,000, as discussed previously.
As a result, the probability of a short-term correction has increased. The first support is the short-term ascending trendline, currently located in the $1,880–$1,900 range.
A decisive break below this zone would weaken the current bullish momentum and increase the probability of a decline toward the next support area at $1,800–$1,850.
Meanwhile, RSI (14) is approaching overbought territory. A similar setup preceded local pullbacks on March 17 and April 18, 2026, further increasing the risk of a short-term correction.
Ethereum recovery requires stronger market participation
ETF inflows and purchases by large holders suggest that interest in Ethereum is gradually recovering. However, demand remains concentrated among a relatively small group of market participants and has yet to generate enough momentum for a sustained rally.
For Ethereum to transition into a broader uptrend, spot trading volumes will need to increase and buying interest will have to expand across the wider market.
-
Afghanistan
-
Albania
-
Algeria
-
Angola
-
Argentina
-
Armenia
-
Australia
-
Austria
-
Azerbaijan
-
Bahamas
-
Bahrain
-
Bangladesh
-
Belarus
-
Belgium
-
Bolivia
-
Botswana
-
Brazil
-
Brunei
-
Bulgaria
-
Cambodia
-
Cameroon
-
Canada
-
Chile
-
China
-
Colombia
-
Congo
-
Costa Rica
-
Cote d'Ivoire
-
Croatia
-
Cuba
-
Cyprus
-
Czechia
-
DR Congo
-
Denmark
-
Dominican Republic
-
Ecuador
-
Egypt
-
El Salvador
-
Estonia
-
Eswatini
-
Ethiopia
-
Finland
-
France
-
Georgia
-
Germany
-
Ghana
-
Greece
-
Haiti
-
Hong Kong
-
Hungary
-
India
-
Indonesia
-
Iran, Islamic republic
-
Iraq
-
Ireland
-
Israel
-
Italy
-
Jamaica
-
Japan
-
Jordan
-
Kazakhstan
-
Kenya
-
Korea
-
Kuwait
-
Kyrgyzstan
-
Laos
-
Latvia
-
Lebanon
-
Lesotho
-
Libya
-
Lithuania
-
Luxembourg
-
Madagascar
-
Malaysia
-
Malta
-
Mauritius
-
Mexico
-
Moldova
-
Mongolia
-
Montenegro
-
Morocco
-
Mozambique
-
Myanmar
-
Namibia
-
Nepal
-
Netherlands
-
New Zealand
-
Nigeria
-
North Macedonia
-
Norway
-
Oman
-
Pakistan
-
Palestine
-
Panama
-
Papua New Guinea
-
Paraguay
-
Peru
-
Philippines
-
Poland
-
Portugal
-
Puerto Rico
-
Qatar
-
Reunion
-
Romania
-
Rwanda
-
Saudi Arabia
-
Serbia
-
Singapore
-
Slovakia
-
Slovenia
-
Somalia
-
South Africa
-
Spain
-
Sri Lanka
-
Sweden
-
Switzerland
-
Syria
-
Taiwan
-
Tajikistan
-
Tanzania
-
Thailand
-
Trinidad and Tobago
-
Tunisia
-
Turkey
-
UAE
-
Uganda
-
Ukraine
-
United Kingdom
-
United States
-
Uruguay
-
Uzbekistan
-
Venezuela
-
Vietnam
-
Yemen
-
Zambia
-
Zimbabwe
- Forex
- Crypto
