TLDR:
- Ethereum price forecast remains focused on the $1,800 zone, where about 4.30 million ETH previously changed hands.
- ETH could target $1,980 and $2,079 if buyers reclaim the high-volume resistance area with stronger spot demand.
- Binance ETH reserves have increased since late June, raising concerns about more available supply on the exchange.
- Derivatives data has improved, but flat open interest shows the latest ETH rebound is not mainly leverage-driven.
Ethereum price forecast remains locked around the $1,800 level as buyers attempt to reclaim a major resistance zone. ETH recently traded near $1,780 after a sharp rebound from late-June lows. The move has improved short-term sentiment, but the structure still lacks broad confirmation.
Roughly 4.30 million ETH changed hands near $1,800, based on the UTXO Realized Price Distribution data. That makes the level a major supply area. A clean reclaim could open a move toward $1,980 and $2,079. A rejection may expose thinner volume below, with the next support baseline near $1,237.
Ethereum Price Prediction Faces the $1,800 Supply Wall
Ethereum price prediction now depends on how ETH reacts near the $1,800 resistance band. The zone has become important as both volume profile data and moving averages align near the same area.
ETH also faces pressure from the 50-day exponential moving average near $1,806. The 100-day EMA sits higher near $1,970, close to the next major upside target. This keeps the recovery below the medium-term structure for now.
The daily chart shows a constructive but incomplete recovery. The RSI near 57 points to improving momentum, but it does not confirm a full bullish shift. The stochastic reading near 86 also shows that short-term upside could be stretched.
Immediate support sits near $1,741, followed by the 20-day EMA around $1,713. Deeper support levels stand near $1,524 and $1,405 if sellers regain control. A larger breakdown would bring the $1,156 area back into focus.
Ethereum price prediction would turn stronger if ETH closes above $1,806 with rising demand. The next upside levels would then sit around $1,909, $2,018, $2,108, and $2,211.
ETH Price Signals Show Demand Is Still Selective
Binance ETH reserves have increased from 3.64 million to 3.87 million since late June. That marks an increase of about 221,000 ETH, or 6.1%. Rising exchange reserves can point to higher potential sell-side liquidity.
The order-size data adds a cautious signal. ETH Average Order Size has moved into “Whale Left” territory, according to CryptoQuant analysis. That suggests larger participants are reducing their market footprint.
This creates a weaker setup beneath the recent rebound. More ETH is available on Binance, while whale-sized demand has not returned strongly. Ethereum Price Forecast therefore remains sensitive to any failed breakout near $1,800.
Derivatives data looks more positive, but it does not show excessive leverage. Ethereum has gained about 14% since Net Taker Volume turned positive on June 28. Positive Net Taker Volume signals stronger buying pressure in perpetual markets.
Open interest has stayed mostly flat across the rebound. The estimated leverage ratio has also failed to rise sharply after its June decline. That suggests the move is not driven by aggressive leveraged longs.
This lowers the risk of a major long squeeze, but it also shows caution among traders. ETH needs stronger spot demand and whale participation to confirm a healthier trend. Meanwhile, US spot ETH ETFs have recorded three straight days of net inflows, adding some support to sentiment.
