Ethereum price rebounded nearly 2% on July 29, 2026, climbing back above the $1,900 mark. The increase occurred after the price briefly tapped an intraday low of $1,880, which served as the lower boundary of an ascending parallel channel, before successfully recovering. At the same time, institutional moves made waves in the market once again: the Morgan Stanley Ethereum Trust (MSSE) began trading on NYSE Arca. Its listing debut marked MSSE’s entrance with a 0.14% expense ratio, a figure that immediately intensified fee competition among existing Ethereum ETFs.
Liquidation Tug-of-War and Binance Whale Move
The rapid price action took a toll on both sides of the market. CoinGlass data showed daily Ethereum short liquidations reaching $37.68 million, slightly outpacing $36.66 million in long liquidations. The largest single wiped-out position was an ETH-USDT contract worth $4.74 million on the Binance exchange. Amid this volatility, large-scale fund transfers occurred. According to a report by @lookonchain, a whale withdrew 40,000 ETH, valued at approximately $76.58 million, from Binance in a span of just 30 minutes.
What Indicators and Analysts Are Saying
Total net assets across US Ethereum ETFs currently hover around $10.5 billion, equivalent to 4.53% of Ethereum’s market capitalization, backed by cumulative net inflows of $11.21 billion according to SoSoValue data. These capital inflows align with analyst perspectives. Michaël van de Poppe stated, “I want ETH to hold above $1,800. If that happens, it’s just a matter of time before it breaks $2,000.”
Meanwhile, analyst Daan Crypto Trades noted that ETH has broken out of its downtrend channel and cleared both the 200-day moving average and the bull market support band against Bitcoin. This ETH/BTC structure has remained in a bullish trend since June. A series of other indicators also confirm this short-term recovery momentum. Aroon Up dominates at 64.29% against Aroon Down at 7.14%, showing a trend still driven by buyers. The Awesome Oscillator registered a positive 15.66, confirming improving momentum, while Chaikin Money Flow sits at 0.08. Holding above the neutral line, this indicates that capital inflows continue to outpace the rate of asset distribution into the market.
Awaiting the Macro Verdict
Although technical indicators point upward and traditional investment products like MSSE are making their way onto mainstream stock exchanges, the next directional driver lies outside the crypto ecosystem. The Fed’s interest rate decision has now emerged as the next key catalyst. A majority of market participants expect the benchmark rate to remain paused at 3.50-3.75%. Whatever the US central bank decides will serve as a real test: whether today’s institutional inflows can withstand broader macroeconomic pressures.
Reported by crypto.news.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
