Ethereum News Today: ETH Climbs to $1,758, Up 11% for the Week

Last Updated: July 4, 2026

Ethereum is trading at $1,758 on July 4, 2026, up 0.93% over 24 hours and 11.04% over the past week, extending a sharp recovery from June’s lows near $1,547–$1,550. The rally has been driven by a broad short squeeze across crypto markets, with bearish ETH traders losing nearly $291 million in liquidations over the past 24 hours as Bitcoin pushed toward $62,000 and dragged altcoins higher alongside it.

Key Takeaways

• ETH trades at $1,758, up 11.04% over the past week and up more than 13% from its June low near $1,550
• Market capitalization stands at $211.96 billion with 24-hour trading volume around $7.72 billion, down 38% from the prior session
• A short squeeze pushed ETH higher as bearish traders lost approximately $291 million in liquidations over 24 hours, nearly 2.2x more than bullish traders
• ETH has now closed three consecutive red quarters for the first time in its history, even as the current bounce extends into July
• Whale wallets (10K–100K ETH) accumulated 600,000 ETH in June even as smaller holders sold, and staked ETH supply hit a record 40.5 million
• Resistance sits near $1,806, which aligns with the 50-day EMA; a close above would open the path toward $1,984

Market Overview

Metric	Value
ETH Price Today	$1,758
24h Change	+0.93%
7-Day Change	+11.04%
Market Cap	$211.96B
24h Volume	$7.72B
Circulating Supply	120.68M ETH
Max Supply	Unlimited

Ethereum Price Today Analysis

ETH is changing hands at $1,758 after a 24-hour range between $1,727.87 and $1,775.78. Short-term moving averages confirm the strength of the rally: the 7-day MA sits at $1,758.07, the 25-day MA at $1,750.99, and the 99-day MA at $1,661.29, with price trading above all three for a fourth consecutive session. Trading volume has cooled from the peak of the move, down 38% from the prior day as the initial short-squeeze pressure eased.

The bounce follows one of Ethereum’s weakest stretches on record. ETH fell 21.6% in June alone — its largest monthly drop since November — as retail investors and US market participants drove intense risk-off selling. Wallets holding between 100 and 10,000 ETH offloaded a combined 510,000 ETH during the month, while whales holding 10,000–100,000 ETH accumulated 600,000 ETH over the same period, continuing a buying pattern that has persisted since October’s crash.

Support and Resistance Levels

Level Type	Price
Key Resistance	$1,806 – $1,984
Current Price	$1,758
Near-Term Support	$1,650
Critical Support	$1,547 – $1,550
Downside Risk (if support fails)	$1,400

Why Is Ethereum Up Today?

Ethereum’s climb to $1,758 is being driven primarily by a short squeeze across the broader crypto market rather than an Ethereum-specific catalyst. Bitcoin’s push toward $62,000 triggered $281 million in liquidations market-wide, with bearish positions accounting for nearly double the losses of bullish ones. Ether mirrored that dynamic almost exactly, losing $291 million on the short side — roughly 2.2 times bullish liquidations — as the rally forced short sellers to cover.

On-chain data shows funding rates have remained largely positive over the past few days, suggesting long traders are positioning for continued strength into July. Ethereum’s staking trend has also continued uninterrupted through the volatility: investors have staked 4.5 million ETH since the start of the year, pushing total staked supply to a record 40.5 million ETH, an indication that long-term holders are choosing to earn yield through the downturn rather than exit positions entirely.

Despite the price recovery, US institutional sentiment remains cautious. Spot ETH ETFs recorded roughly $529 million in net outflows during June after four consecutive negative weeks, and the Coinbase Premium Index — a gauge of US buying interest — remains in negative territory despite ticking up slightly with the recent bounce.

What This Means for the Days Ahead

Ethereum’s next test is the resistance zone near $1,806, which aligns with the 50-day EMA. A confirmed daily close above that level would open a path toward the 100-day EMA near $1,984, while failure to hold above $1,650 risks a retest of the $1,547–$1,550 lows that defined June’s capitulation. The 0.786 Fibonacci retracement from ETH’s 2018 low to its 2025 high sits near $1,753 — a zone that has acted as support on four prior occasions and roughly matches current price, making it a key level to watch for confirmation of a sustained recovery.

Ethereum has now closed three consecutive red quarters for the first time in its trading history, an unusual technical backdrop for the current bounce. Whether July’s rally represents the start of a genuine reversal or another failed recovery attempt will likely hinge on whether ETF outflows reverse and whether whale accumulation continues at its recent pace. For the latest on Bitcoin’s price action driving this move, see Bitcoin News Today.

For a full market snapshot across major assets, visit our Crypto Market Today page.

Compare Crypto Prices Today

Asset	Live Price
Bitcoin Price	Check current BTC price
Ethereum Price	$1,758
XRP Price	Check current XRP price
Solana Price	Check current SOL price
BNB Price	Check current BNB price
Tron Price	Check current TRX price

Where to Buy Ethereum

Ethereum can be purchased on major cryptocurrency exchanges including Binance, Coinbase, Kraken, KuCoin, Gate.io, and OKX.

FAQ

Is Ethereum going up or down today?
Ethereum is up 0.93% over the past 24 hours and up 11.04% over the past week, trading at $1,758 after a broad crypto market short squeeze.

Why is Ethereum’s price rising this week?
A short squeeze tied to Bitcoin’s push toward $62,000 forced bearish ETH traders to cover, triggering roughly $291 million in liquidations and pushing price sharply higher alongside continued whale accumulation and record staking levels.

What is the key resistance level for Ethereum right now?
The $1,806 zone, which aligns with the 50-day EMA, is the key resistance; a close above it would open the path toward $1,984.

Are Ethereum ETFs still seeing outflows?
Yes. Spot ETH ETFs recorded approximately $529 million in net outflows during June after four consecutive negative weeks, even as ETH’s price has since recovered.

What is the key support level for Ethereum right now?
The $1,547–$1,550 zone marks June’s lows and is the critical support; a break below could expose a decline toward $1,400.