TLDR
- ETH trades near $1,905-$1,918, sitting almost exactly on its daily pivot point.
- A break above $1,967 could open a path toward $2,050-$2,117; a drop below $1,872 risks a slide to $1,840.
- Staked ETH hit a record 40.2 million coins in Q2 2026, about 33% of total supply.
- BlackRock clients bought over $20 million in ETH this week while pulling $60 million from their Bitcoin ETF.
- A wallet tracked by Lookonchain withdrew 40,000 ETH, worth about $76.58 million, from Binance.
Ethereum is trading close to $1,905, sitting almost exactly on its daily pivot point of $1,904.31. That kind of precision usually means the market is waiting for a trigger.
The MACD histogram has dropped to zero. This shows that the momentum built during ETH’s recent climb has been used up.
Ethereum’s Relative Strength Index is at 56. That is a neutral reading, meaning the coin is not overbought and still has room to move higher.
Price Levels to Watch
The key resistance sits at $1,967.99. A daily close above that price could open a run toward $2,050 and then $2,117, which lines up with the 200-day moving average.
On the downside, buyers have been defending the $1,872 level. A break below that price could send ETH toward $1,840, and then possibly $1,786.
Open interest in ETH futures grew 1.29% over 24 hours to $4.4 billion. This shows new money is entering the market rather than traders closing old positions.
Retail traders are 68.6% long, and larger traders are 63.1% long. Both groups are leaning the same way, which reduces the chance of a quick reversal.
Staking and Whale Activity
Ethereum turned 11 years old this week, and several data points suggest growing interest in the token. Staked ETH climbed to a record 40.2 million coins in the second quarter of 2026, according to Bitwise. That figure represents about 33% of ETH’s total supply and is worth more than $63 billion.
Bitwise shared this milestone on X, noting that staking participation has never been higher. The post highlighted how much of ETH’s supply is now locked away from regular trading.
Fund flows are also shifting. Arkham Intelligence reported that BlackRock clients pulled $60 million out of the firm’s IBIT Bitcoin ETF this week. During that same stretch, those clients bought over $20 million worth of ETH.
Whale movement backed up the story. Lookonchain tracked a wallet labeled 0x2d59 withdrawing 40,000 ETH, worth about $76.58 million, from Binance. Moving coins off an exchange often means an investor plans to hold rather than sell.
The reason behind this particular withdrawal has not been confirmed. Large transfers like this are watched closely because they can signal reduced selling pressure.
Raj Karkara of ZebPay commented on Ethereum’s progress since launch. He said the network has grown from an early concept into the base layer for a large digital ecosystem, pointing to its shift to Proof-of-Stake as a factor in its long-term durability.
No verified analyst price calls have circulated in the past day with clear attribution. That leaves ETH’s short-term direction tied mostly to technical levels and the flows described above.
As of the most recent update, ETH was trading at $1,918.20, up 0.04% on the day.
