News View Non-AMP

ETH Breaks $1,800: Why Ethereum Price is Up Today?

Published by
Mustafa Mulla

Ethereum, the second-largest cryptocurrency by market cap, is showing signs of life again. After slipping below $1,400 earlier this month, ETH has now bounced back above $1,800 — its highest level in three weeks. The sharp recovery has caught the market’s attention, especially at a time when sentiment has been shaky and volatility remains high.

Can this momentum last?

Let’s break down what’s really going on behind the scenes.

Ethereum Rises as Short Bets Drop

One key reason for Ethereum’s recent rise is the sharp drop in short positions. On the CME (Chicago Mercantile Exchange), open interest in Ethereum shorts has fallen below $500 million — the lowest it’s been in 2025.

Not long ago, many traders were profiting from the gap between Ethereum’s futures and spot price. That trade became popular when market volatility picked up, especially during the fallout from Trump’s tariff changes. But as the market cooled and that price gap narrowed, the strategy became less profitable. As a result, many traders closed their positions and sold off their Ethereum, pushing the price lower.

Now, with fewer traders betting against the asset and less selling pressure overall, ETH has more room to recover.

Institutions Are Buying Ethereum Again

Ethereum’s recovery also got a boost from institutional investors. After more than a week of outflows, ETH-related exchange-traded funds (ETFs) have finally seen a turnaround. Inflows totaled $38.8 million, signaling renewed interest from bigger players.

Fidelity’s FETH led the charge with $32.7 million in inflows, while Bitwise’s ETHW added another $6.1 million. This return of institutional capital is often seen as a bullish sign, suggesting more upside could be ahead.

Bitcoin’s Rally is Lifting Ethereum Too

Let’s not forget Bitcoin’s influence. BTC just hit a seven-week high of $94,000, which naturally sent a wave of positive energy through the entire crypto market. As Bitcoin leads the way, Ethereum, the largest altcoin, is also benefiting from this surge.

Ethereum Faces Little Resistance Ahead

On-chain data from IntoTheBlock shows that Ethereum doesn’t face major resistance in the short term. The biggest selling zone appears to be around $1,860, where some holders may look to take profits.

If ETH can break through that level, there may be little standing in the way of a move toward the $2,000 mark — a key psychological target for both traders and investors.

What to Watch If Ethereum Pulls Back

Of course, if Ethereum fails to hold above $1,800, a short-term pullback could follow. The first support zone lies near $1,765, with stronger support around $1,710.

How Ethereum performs over the next few days could be critical. If the current momentum holds, a run toward $2,000 looks increasingly possible. But if the price slips below support levels, a retest of recent lows may be back on the table.

FAQs

How does Bitcoin’s price affect Ethereum?

Bitcoin’s surge to $94K has lifted market sentiment, positively influencing Ethereum and other altcoins.

Is Ethereum a good investment?

As the altcoin season begins, the short-term gains make Ethereum a lucrative buying option. However, the long-term promises of this programmable blockchain make it a viable long-term crypto investment. 

What will the price of Ethereum be in 2025?

As per our Ethereum price prediction 2025, the ETH price could reach a maximum of $5,925.

Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

Recent Posts

BBB Warns of AI Voice Scams Just as Graphite Network Launches Phonebook MVP That Offers a Web3 Fix

On June 25th, 2025, the Better Business Bureau (BBB) issued an urgent alert about a…

July 1, 2025

Elon Musk’s xAI Bags $10 Billion While Trump Fires Shots on Social Media

Elon Musk’s AI startup xAI has raised a massive $10 billion in new funding, giving…

July 1, 2025

Best Crypto to Buy This Summer, Ethereum (ETH) Runs Hot, But This $0.03 Token Looks Sharper With 2x Upside

With Ethereum (ETH) heating up again in early summer activity, large-cap investors are doubling down…

July 1, 2025

Top New Meme Coin of 2025? Pepe Coin (PEPE) Competitor Picked for a Top 10 Status on CoinMarketCap

Meme coins have always been a wild ride. From Dogecoin turning jokes into market caps…

July 1, 2025

Did the Senate Pass the Trump’s Big Beautiful Bill

As of this afternoon, the United States Senate remains locked in a marathon voting session…

July 1, 2025

Cats Fishing: Status Network’s First Mobile Fishing Game Turns Lore and Occult Mysteries Into Playable Myth

Whisker Woods invites players to cast, catch, and ascend in a mobile-first adventure launching this…

July 1, 2025