Ethereum price forecast: ETH focuses on Glamestead upgrades and ETF capital inflows

Why did Ethereum fall today?

On Tuesday, Ethereum traded at around $1755, down about 0.57% in the past 24 hours. The move comes as the broader cryptocurrency market responds to the latest tensions between the United States and Iran.

Why did Ethereum prices fall today?

People searching for \"Why did Ethereum fall today\" want a quick answer, so they give it here first. Bitcoin and Ethereum both fell after the United States and Iran launched air strikes on each other. The United States said it launched a strike on Iran after ships were attacked in the Strait of Hormuz. Iran responded by attacking US military bases. Such headlines often push traders towards safe-haven assets. The US dollar index remained above 101.00, and oil prices surged more than 9%. Risky assets like ETH are feeling the pressure, although the decline is relatively moderate. Bitcoin fell to $62657, a drop of nearly 0.50%. ETH, XRP and SOL all fell 1% to 3% during the trading session.

What is the price of Ethereum today?

Indicator values change in 24 hours
ETH price US$1,755.51 - 0.57%
Futures volume (24 hours) US$37.04 billion-18.99%
Spot volume (24 hours) US$1.77 billion-
Market value 211.71 billion-
Open interest contracts 24.11 billion-0.73%
Options volume US$922.55 million-25.79%
Options open interest US$4.40 billion +0.56%

Open interest was almost unchanged, down only 0.73%. This tells us that traders are not rushing out. Options open interest actually rose slightly, with an increase of 0.56%, indicating some position layout for future trends rather than panic selling.

Are Ethereum traders currently bullish or bearish?

The 24-hour long and short ratio for the entire market is 0.9806, which is close to neutral. But when you zoom into each exchange, the situation is different. In currency trading, the long-short ratio of ETH/USDT accounts is 1.9446, which means that the number of long accounts is almost twice that of short accounts. OKX showed a similar trend with a ratio of 1.79. The top traders in Binandian are more bullish, with a long-short ratio of 1.942 for accounts and a long-short ratio of 1.3934 for positions. Retail investors and large traders now seem to be inclined to go long, even as prices are near recent lows.

How many ETH have been cleared in the past 24 hours?

Liquidation data over the past 24 hours shows that the total liquidation amount is US$76.2 million. Among them, the liquidation amount of long positions was US$47.63 million, and the liquidation amount of short positions was US$28.56 million. In the past four hours, the bulls have also suffered a bigger blow, with a liquidation amount of US$24.8 million, while the short liquidation of only US$1.12 million. This was consistent with a small price decline during the Iran-U.S. headlines that caught leveraged long traders off guard.

Does the Ethereum ETF still have capital inflows?

Volatility aside, there is one trend that remains stable. According to SoValue data, the U.S. spot Ethereum ETF recorded a net inflow of US$26.9 million on July 7. This marks the fourth consecutive trading day that positive capital flows have been achieved. Continued inflows of ETF funds during a volatile week suggest that some institutional buyers view declines as entry points rather than exit signals. This is critical for any future Ethereum price forecast, as continued ETF demand tends to provide support below spot prices.

What is an Ethereum Glamstam upgrade?

Putting aside daily price fluctuations, Ethereum\'s next major network upgrade is attracting attention. Developers are working on Glamestead, which some describe as the largest overhaul since the merger. According to reports, the upgrade aims to increase the Gas cap from approximately 60 million to 200 million, causing a triple in capacity. Some estimates point to throughput jumping from about 20 transactions per second to 10000 TPS, while Gas fees could drop by as much as 78%. These are forecast numbers and not guaranteed results. Devnet-5 and Devnet-6 are already in operation. The internal mainnet target is set for the end of August, and due to delays related to ePBS, a more realistic public launch is expected sometime in the third quarter of 2026. If launched on time, this leap in throughput could change the way traders and developers view the long-term value of Ethereum independently of short-term price movements.

Are whales ready to sell Ethereum?

A wallet that may be related to CoinShares transferred 63000 ETH (worth approximately $111 million) to Coinbase. An on-chain tracker Lookonchain marked the transfer. Large deposits to exchanges are often seen as a signal that a sale may be imminent, as traders typically transfer tokens to exchanges for sale. No sale has been confirmed, and the wallet may also adjust its position for other reasons. The next few days deserve close attention.

Ethereum Price Forecast: Key Levels to Focus on

Based on current derivatives data, ETH is located between the two most important regions at the moment. Support: $1700-$1720. This is in line with the minimum four-hour short clearing position ($1.12 million), meaning that short positions have not yet been severely tested below the region. A break below $1700 could trigger more long liquidations, as $24.8 million of long positions near current levels have been cleared in the past 4 hours. Resistance: $1800-$1830. ETH needs to regain the area to fully transform market sentiment into bullish. Short liquidations ($2.39 million and $28.56 million) over the longer time frames (12-hour and 24-hour) suggest that short positions have been squeezed as they rebound into that range. Bulls: Long-short ratios above 1.9 on Binance and OKX suggest traders are ready for a rebound. If the ETF flow continues into the fifth trading day and tensions between Iran and the United States ease, ETH may test $1830 in the short term. Bear situation: Futures volume fell nearly 19%, options volume fell more than 25%, both signs of weakening confidence. If the wallet associated with CoinShares sells its 63000 ETH, or geopolitical risks escalate, the price could retest for $1700 or fall towards $1650. This is a pattern of range fluctuations rather than a clear breakthrough. The next step may depend on how the situation in Iran and the United States and how the flow of ETF funds develops in the next few days.

Will Ethereum prices rise or fall next?

Ethereum is currently at a mixed juncture. Long and short data is biased towards bullish, ETF capital flows are stable, and options open interest contracts rise slightly. At the same time, futures trading volume fell sharply, geopolitical risks hit the broader market, and a large ETH transfer to the exchange added uncertainty. If tensions between Iran and the United States ease and the US dollar cools, ETH may find room to rebound to recent highs. If tensions escalate further, or ETH associated with CoinShares enters the market as a sell order, prices could face new pressure to fall below $1750. Traders are likely to keep a close eye on the $1700 to $1800 range in the next few trading days, with ETF flow data and any updates to the Glamestead development network as background catalysts.