July 11 evening analysis

ETH is under pressure around $1,800, with outflows hinting that short-term divergence is intensifying

As of 16:00 on July 11, the price of ETH was $1,799.54, with an intraday range of about 2% (high $1,811, low $1,774). It ultimately recorded a slight dip of 0.06%, with fierce competition between bulls and bears.

The key focus is “volume-price divergence”: intraday trading volume reached $3.84B, but the price closed nearly flat, and net inflow was -$65.48 million, indicating that current selling pressure is mainly coming from active sell orders, and that funds at higher levels are clearly taking profits.

In addition, open interest (OI) is as high as $4.13B, but the funding rate is only 0.005% (very low positive). This suggests the market has not become excessively crowded on the long side, but with high open interest combined with negative inflows, a rush-out by longs must be watched for.

Trading suggestion: the key support below is $1,774 at the intraday low; if it breaks, be prepared for accelerated downside. The only way to open up room for a rebound is for price to hold effectively above the $1,811 intraday high. Currently, the Bollinger Bands (BOLL) are narrowing, and ATR indicates volatility remains at a low level. It is recommended to wait for a directional breakout with increased volume before following up; treat the current phase as range-bound consolidation.
Near 1820-1850, hollow? target 1750-1700#美股AI概念股普涨