Ethereum (ETH) Holds $1,760 as BitMine Accumulates 27,801 ETH and ETF Inflows Resume

Key Highlights

• BitMine acquired 27,801 ETH over the past week, pushing its total reserves to 5.77 million ETH valued at approximately $10.25 billion
• US spot Ethereum ETFs saw $84.42 million in net inflows, marking the first positive week after eight consecutive weeks of capital outflows
• ETH dropped beneath $1,800 following escalated U.S.-Iran military tensions that drove oil prices above $74 and sparked risk-off market behavior
• Critical support remains established at $1,750; breaching resistance at $1,825–$1,850 could push prices toward $2,140 according to daily chart double-bottom formations
• $81.75 million worth of positions were liquidated over 24 hours, with long positions accounting for $57 million of the total

Ethereum continues to trade in the vicinity of $1,760 after dipping under the $1,800 threshold amid heightened U.S.-Iran military confrontation. Recent American airstrikes against Iranian targets propelled crude oil prices approximately 4% higher to surpass $74 per barrel, prompting investors to retreat from risky assets such as cryptocurrencies.

Iranian officials reported strikes on U.S. military installations across Bahrain, Kuwait, Oman, and Jordan as retaliatory measures. Growing concerns surrounding the strategic Strait of Hormuz corridor intensified downward pressure across global financial markets.

ETH retreated roughly 3.6% from its Monday session peak of $1,837. Market participants continue to protect the $1,750 price floor for the time being.

Corporate Accumulation Gains Momentum

BitMine Immersion Technologies (BMNR) increased its Ethereum reserves by 27,801 ETH throughout the previous week. This acquisition brings the company’s aggregate holdings to 5.77 million ETH, representing an estimated market value of $10.25 billion.

BitMine Buys 27,801 ETH, Holdings Reach 5.77M ETH

BitMine said it acquired 27,801 ETH over the past week, lifting total holdings to 5,770,038 ETH, or about 4.8% of Ethereum’s supply, and has staked 4,917,189 ETH. As of July 12, the company also held $482 million in cash and… pic.twitter.com/mPIsOLFZ9c

— Wu Blockchain (@WuBlockchain) July 13, 2026

BitMine’s Chairman Thomas Lee disclosed that projected annualized staking revenue has reached $242 million. The organization has allocated 4.91 million ETH — representing approximately 85% of total reserves — to its Made in America Validator Network (MAVAN), which is currently generating a 7-day annualized staking yield of 2.70%.

The Nevada-based enterprise reports it has achieved 96% completion toward its strategic objective of controlling 5% of Ethereum’s total circulating supply.

US spot Ethereum ETFs registered $84.42 million in net capital inflows during the past week, based on SoSoValue tracking data. This represents the first positive weekly performance following two consecutive months of withdrawals.

Market Analyst Perspectives

Cryptocurrency analyst Ali Martinez indicated he would establish long positions on ETH upon a decisive break above $1,850. This price level corresponds with a significant short liquidation concentration zone between $1,840 and $1,860 identified in CoinGlass data, where forced short closure could potentially accelerate upward momentum.

I'm going LONG on Ethereum $ETH if itbreaks $1,850. https://t.co/eDUNoRnGzwpic.twitter.com/FWoVgAmjOJ

— Ali Charts (@alicharts) July 13, 2026

Analyst Ted Pillows observed on July 13 that ETH maintaining support above $1,750 represents an encouraging signal, suggesting a potential rally toward $2,000 if this foundation persists.

Cryptocurrency analyst Michaël van de Poppe (@CryptoMichNL) commented that despite broader market headwinds, ETH “isn’t bothered” and is “showing a lot of strength” relative to Bitcoin. He highlighted improving momentum in the ETH/BTC trading pair and referenced the forthcoming Clarity Act as a possible positive trigger.

Despite the overall weakness, $ETH isn't bothered.

It's showing a lot of strength, as it continues to go up.

A lot of momentum in this one against #Bitcoin and I'm sure this will continue to last, given that the Clarity Act seems to be on the horizon. pic.twitter.com/ifVq8TRbLD

— Michaël van de Poppe (@CryptoMichNL) July 13, 2026

Examining the daily timeframe, a prospective double-bottom formation with troughs around $1,505 continues to hold. A validated breakout above $1,825 would establish a technical price objective in the vicinity of $2,140.

ETH currently trades beneath both its 50-day EMA positioned at $1,798 and its 100-day EMA located at $1,946. The MACD indicator maintains elevation above its signal line, while the Chaikin Money Flow registers approximately 0.10, indicating positive territory.

$81.75 million in aggregate liquidations struck the marketplace within a 24-hour window, with $57 million stemming from leveraged long positions, according to Coinglass data.

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