Ethereum News Today: ETH Holds Near $1,800 as Bitmine Closes In on 5% of Supply

Last Updated: July 11, 2026

Ethereum is trading near $1,800 on July 11, 2026, up modestly over 24 hours and pressing directly against the $1,806 resistance zone that’s capped every rally attempt since early July. The bigger ETH story today is institutional: BitMine Immersion Technologies, the Tom Lee-led treasury firm, now holds 5.74 million ETH — roughly 4.8% of total supply — and needs only about $523.7 million more to complete its stated goal of owning 5% of all Ethereum, even as spot ETH ETFs continue posting modest but consistent net inflows.

Key Takeaways

• ETH trades near $1,800, testing the key $1,806 resistance zone that aligns with the 50-day EMA and has capped every recovery attempt since early July
• BitMine now holds 5.74 million ETH (4.8% of circulating supply) and needs roughly $523.7 million more in purchases to hit its “Alchemy of 5%” target, a goal chairman Tom Lee says the company’s cash reserves can fully cover
• Spot ETH ETFs recorded $18.4 million in net inflows on July 10, extending a steadier flow pattern than Bitcoin ETFs have managed over the same stretch
• BitMine stakes roughly 85% of its ETH holdings through its own MAVAN validator network, and holds $11.1 billion in total crypto, cash, and securities
• A confirmed daily close above $1,806 would open a path toward the 100-day EMA near $1,984; failure to hold recent support risks a retest of the $1,700 zone

Market Overview

Metric	Value
ETH Price Today	~$1,800
24h Change	+0.5%
BitMine ETH Holdings	5.74 million ETH (~4.8% of supply)
BitMine Total Crypto/Cash/Securities	~$11.1 billion
ETH ETF Net Flow (July 10)	+$18.4 million

Data sourced from CoinMarketCap and CoinGecko. Prices are volatile and change continuously — confirm with a live source before trading.

Ethereum Price Today Analysis

ETH is pressing against the $1,806 resistance zone that aligns with its 50-day EMA, a level that has rejected every recovery attempt since traders last tested it around $1,779-$1,820 in early July. The setup is a narrow one: buyers have consistently defended the $1,750-$1,700 area on pullbacks, but haven’t yet confirmed a clean daily close above resistance. Spot ETH ETF inflows have been more consistent than Bitcoin’s over the past week, a modest but steady signal of institutional demand layered on top of BitMine’s ongoing treasury accumulation.

Support and Resistance Levels

Level Type	Price
Key Resistance	$1,806 – $1,984
Current Price	~$1,800
Near-Term Support	$1,750
Critical Support	$1,700
Downside Risk (if support fails)	$1,547 – $1,550

Why Is Ethereum in Focus Today?

BitMine Nears Its 5% Supply Target

BitMine’s holdings now stand at 5.74 million ETH, or 4.8% of Ethereum’s total circulating supply, putting the company within roughly $523.7 million of its publicly stated “Alchemy of 5%” goal — a target chairman Tom Lee has said the firm’s cash position can fully cover without additional capital raises. BitMine stakes about 85% of its ETH through its own MAVAN (Made in America VAlidator Network) platform, and alongside its ETH treasury holds 206 BTC, a stake in Eightco Holdings, and roughly $527 million in cash and marketable securities, bringing total crypto, cash, and securities exposure to $11.1 billion.

ETF Inflows Stay Steady, if Modest

Spot ETH ETFs posted $18.4 million in net inflows on July 10, a smaller figure than Bitcoin’s $90.4 million same-day inflow but part of a more consistent recent pattern for Ethereum products. That steadiness matters because it suggests institutional ETH demand hasn’t been swinging as sharply between inflow and outflow sessions as Bitcoin’s ETF complex has this year, even though both remain far below the scale of 2024’s initial launch enthusiasm.

Resistance at $1,806 Is the Technical Story

Traders have been watching the $1,806 level — where the 50-day EMA sits — as the key gate for confirming Ethereum’s recovery is durable rather than another failed bounce. ETH tested and was rejected from a similar $1,820-$1,850 zone in early July, and the current approach toward resistance is happening on the back of BitMine’s accumulation and steady ETF demand rather than any single dramatic catalyst.

For the latest on Bitcoin’s price action, see Bitcoin News Today, and for the full altcoin picture see XRP News Today.

What This Means for the Days Ahead

Ethereum’s next move likely hinges on whether it can close decisively above the $1,806 resistance zone — a break would open a path toward the 100-day EMA near $1,984, while rejection risks another retest of the $1,700-$1,750 support band that’s held through recent pullbacks. Watch for whether BitMine crosses its 5% supply threshold in the coming days, and whether ETH ETF inflows can extend their steadier pattern relative to Bitcoin’s more volatile flow swings.

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	~$1,800
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, OKX, and Bybit, as well as through spot Ethereum ETFs for investors who prefer brokerage-based exposure.e legitimacy and regional availability, and weigh self-custody versus ETF exposure based on your own risk tolerance and need for liquidity.