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Ethereum dips 3.6% amid $165M whale buys and mixed network signals, eyeing $2,200-$2,400 potential.

Technical Signals
18 Jul 2026
Blockonomi
View Source
Bullish
pluang ai news

Ethereum's price fell 3.6% to around $1,823 after reaching near $1,944 three days ago, despite major whale purchases totaling about 89,396 ETH worth $164.88 million. While US spot Ethereum ETFs saw $68 million inflows this week and exchange reserves dropped, network activity showed mixed signals with active addresses hitting December lows but transaction volume reaching record highs. Technical analysis suggests sellers dominate short-term momentum, yet strong support at $1,780 could push prices to $2,200-$2,400 soon, according to analyst Michaël van de Poppe. Liquidations reached $91.4 million in 24 hours, highlighting market volatility.

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