Ethereum Price Prediction: Thin Volumes Increase Risk of a Drop Below $1.8K

Author: Alejandro Arrieche

Published: July 18, 2026

Key Points

• Ethereum (ETH) has seen positive net inflows to ETFs in July.
• Trading volumes are too low to confirm a genuine recovery for ETH.
• ETH faces potential resistance at $2,000 and support at $1,800.

Current Market Overview

Ethereum has managed to maintain its price above $1,800, a critical level that has served as both support and resistance. Recently, ETH experienced a 1.5% increase after two days of losses, buoyed by improved market sentiment following reports of cooling inflation in the U.S. for June.

Investor Sentiment

The Crypto Fear and Greed Index indicates a shift in investor sentiment from "Extreme Fear" to a more neutral stance, currently sitting at 34. This change reflects a growing interest in Ethereum, as evidenced by the positive net inflows of $106 million into Ethereum-linked ETFs in July, reversing two months of outflows.

Trading Volume Analysis

Despite the positive inflows, trading volumes remain low, which raises concerns about the sustainability of the recent price rally. Analysis from Santiment shows that the 7-day moving average of trading volumes is declining, indicating a drop in interest. Historically, when the 7-day MA rises above the 30-day MA, it signals increased buying interest, but currently, both averages are moving in parallel, suggesting a lack of momentum.

Price Resistance and Support Levels

ETH has encountered selling pressure around the $1,900 mark, with the $1,800 support level still holding. While there is potential for ETH to reach $2,000, the overall market sentiment remains weak, and the macroeconomic environment is uncertain, particularly with expectations of a Federal Reserve interest rate hike.

Potential Downside Risks

The Relative Strength Index (RSI) remains above 50, indicating bullish conditions; however, momentum appears to be waning. If ETH falls below the $1,800 support level, it could trigger a downtrend, potentially pushing the price down to around $1,550, representing a 14% downside risk.

Conclusion

In summary, while Ethereum has shown some positive signs with ETF inflows and a slight price increase, the overall market conditions, thin trading volumes, and potential macroeconomic challenges suggest that a significant recovery may not be imminent. Investors should remain cautious and monitor key support and resistance levels closely.