Ethereum Stalls Below $1,850 as ETF Inflows Hint at a Rebound

Ethereum (ETH) is hovering around $1,775 after failing to break through the $1,850 resistance area, a level several traders have flagged as pivotal for a more durable recovery. Ali Charts previously pointed to $1,850 as the breakout trigger for a potential long setup on the 4-hour chart. ETH moved toward that threshold but did not deliver a clean confirmation, and momentum has since faded back into the mid-$1,700s. The near-term technical picture now centers on two key zones. Bulls are looking to hold support near $1,750 and regain $1,850 quickly. A sustained hold above $1,750 would keep the short-term recovery structure intact. A breakdown would shift attention to the $1,712 area, which multiple charts identify as a notable downside level. TedPillows also highlighted $1,750 as the line to defend, arguing that ETH can still post a meaningful rally as long as that support remains intact. On the upside, traders continue to watch $1,850 as the first hurdle. If reclaimed, the next target zone sits near $1,926. More Crypto Online’s analysis frames the move within a broader resistance cluster, with key levels at $1,815, $1,926, $2,045, and $2,226. The latest rejection suggests sellers remain active near the lower end of that band. In this view, a push higher is still possible if short-term support holds, while a break below $1,712 would undermine the recovery setup and raise the risk of another leg lower. The analyst also identifies deeper support zones around $1,550 and $1,380 if the current range fails. Fund flows added a constructive signal. U.S. spot Ethereum ETFs recorded $84.42 million in net weekly inflows from July 6 to July 10, snapping an eight-week streak of outflows, according to SoSoValue. The reversal is notable after sustained redemptions weighed on sentiment through June, even if the fresh inflows remain modest compared with prior selling pressure. Bitcoin spot ETFs also posted $197 million in net weekly inflows over the same period, supporting a broader improvement in crypto fund flows. Even so, ETF demand by itself is not enough to confirm a trend reversal. ETH still needs stronger spot follow-through and decisive closes above resistance. On the pattern side, analyst Henry sees a bullish inverse head-and-shoulders forming, with confirmation between $1,847 and $1,967—closely aligned with the resistance levels other market watchers are tracking. ETH has tested the lower edge of that zone but has yet to clear it convincingly. A move back above $1,847 would revive the setup and bring $1,967 into focus. From a fundamental angle, Tanaka noted that Ethereum remains the second-largest crypto asset, maintaining an estimated market cap of roughly $190 billion to $210 billion despite recent pressure. He also cited supply dynamics: about 33.5% of ETH supply is staked, and more than 4.3 million ETH has been burned since EIP-1559 launched, reducing liquid supply as network activity improves.