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Ethereum rallies 20% from 2026 lows, showing strong technical signs and renewed institutional interest.

Market News
12 Jul 2026
Blockonomi
View Source
Bullish
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Ethereum (ETH) has rebounded about 20% from its 2026 low of $1,517, breaking above key technical levels including a double-bottom formation and its 25-day moving average. The MVRV ratio falling below 0.8 suggests ETH is undervalued and in accumulation territory, historically signaling long-term price floors. Institutional interest is returning, with Ethereum spot ETFs seeing $84 million inflows after two months of outflows, and BitMine adding nearly 200,000 ETH. For ETH to continue its rally toward $2,000, it must hold above $1,817 and overcome resistance near $1,850, while a drop below $1,730 could stall momentum.

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