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Ethereum traded at $1,880.58 after gaining 1.57% in over 24 hours, slightly beating Bitcoin’s 1.01% rise. The move followed a broad recovery across the crypto market, where total market value increased 1.07% to about $2.2 trillion.
The rise also came as traders shifted more capital toward altcoins. Still, weaker trading volume and fresh outflows from US spot Ethereum ETFs kept the near-term outlook cautious. ETH now faces resistance near $1,920 to $1,925, while support sits between $1,850 and $1,854.
Ethereum’s latest gain largely followed Bitcoin and the wider crypto market. Bitcoin held near $64,000, giving major altcoins room to recover after earlier selling pressure. Ethereum slightly outperformed Bitcoin, showing stronger demand during the session.
The Altcoin Season Index rose 5.45% to 58 within 24 hours. That increase showed that traders were moving some funds away from Bitcoin and into other crypto assets. Ethereum often benefits early from this rotation due to its size and liquidity.
Even so, the move lacked a clear Ethereum-specific catalyst. Trading volume fell 42.55%, which showed lower participation during the rebound. Reduced volume can limit follow-through unless buyers return near the current resistance zone.
US spot Ethereum ETFs recorded $70.62 million in net outflows on July 24. The withdrawal ended five straight sessions of inflows, during which the funds attracted $211.25 million.
Despite Friday’s outflow, Ethereum ETFs closed the week with $103.9 million in net inflows. They also extended their weekly inflow streak to three weeks. July inflows reached $337.74 million, showing that monthly demand stayed positive.
The latest daily outflow may reduce short-term buying support, but the wider flow trend looks stronger than the single-session figure. ETF flows have become a key demand measure for Ethereum, especially among investors using regulated US market products.
Bitcoin ETFs also recorded $240.08 million in net outflows on Friday. Despite the daily decline, Bitcoin ETFs recorded net inflows for the third consecutive week, adding $34 million during the week.
Similar moves across Bitcoin and Ethereum ETFs showed short-term selling pressure across both major crypto investment products.
Market analyst Viktoras Karapetjanc said Ethereum continued to hold above key short-term levels despite the daily ETF reversal. He said, “If Ethereum can hold above immediate supports while inflows remain steady, I’m optimistic for renewed upside momentum.”
Ethereum traded above its 20-hour and 50-hour moving averages, while staying below the daily 200-day average near $2,147. The daily Ichimoku Kijun stood near $1,870 and acted as nearby support.
The Relative Strength Index reached 68.37, placing ETH close to overbought territory. Other short-term indicators also showed strong buying pressure, though they warned that momentum may slow if buyers fail to push above resistance.
Ethereum could trade between $1,854 and $1,925 over the next several sessions. A firm break above $1,925 with stronger volume could open the way for another upward move. The next test would depend on whether buyers can hold the price above the breakout level.
A drop below $1,854 would weaken the current structure and expose support near $1,800. Bitcoin remains the main trigger. Stable trading above $64,000 could support another Ethereum breakout attempt, while renewed Bitcoin selling may push ETH back toward the lower end of its range during upcoming sessions.
