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Ethereum rises 10% in July but demand weakens amid growing exchange supply and cautious whales.

Market News
09 Jul 2026
Blockonomi
View Source
Neutral
pluang ai news

Ethereum has gained about 10% in July, yet demand indicators show weak buyer conviction. Large holders have reduced transaction sizes, and Binance's ETH reserves increased by 221,000, adding supply pressure. U.S. spot Ethereum ETFs saw $91.5 million inflows over four days, but sustained capital is needed for stronger price gains. Key resistance at $1,803 must be surpassed for ETH to target $2,400, with support levels at $1,670 and $1,500 important to watch. Market sentiment remains cautious as leveraged traders hold back, keeping price action fragile.

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