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Crypto•8 July 2026•

2 min read

Ethereum Rebounds 10% but Faces Stiff Resistance at $1,800

Key Facts

1Ethereum recorded a 10% recovery over the past week driven by buying activity in derivatives markets.

2The Net Taker Volume indicator turned positive, suggesting buyers are dominating perpetual futures markets.

3The cryptocurrency failed to maintain its price above $1,800, which could lead to further near-term losses.

Amid efforts to regain positive momentum in the cryptocurrency market, Ethereum recorded a 10% recovery over the past week, fueled by significant buying activity in derivatives markets. According to reports, the Net Taker Volume indicator turned positive, suggesting that buyers are currently dominating perpetual futures markets. However, the cryptocurrency failed to maintain its price above the $1,800 threshold, a failure that could lead to further near-term losses.

This price action occurs as major digital assets remain in a state of anticipation, with market data showing relative stability in Bitcoin as it attempts to hold key support levels. Compared to historical performance, Ethereum's struggle at this resistance level mirrors selling pressures observed in the previous quarter at similar price points, per historical trading data. Analysts suggest that for the positive derivatives trend to sustain, it must be accompanied by spot market inflows to reinforce the upward trajectory.

Looking ahead, traders are closely monitoring Ethereum's ability to retest resistance levels, though authoritative real-time price data remains unavailable at this snapshot. On the macroeconomic front, risk appetite may be influenced by the U.S. Non Farm Payrolls data released on July 2, 2026, which showed only 57k jobs added against a forecast of 110k, a significant miss that could impact liquidity flows into high-risk assets like crypto.