Ethereum (ETH) Price: TD Sequential Buy Signal Active as ETH Tests Key $1,800 Level

TLDR

• BitMine bought 42,197 ETH last week, bringing its total holdings to 5.74 million ETH (~$10.27 billion)
• BitMine now holds roughly 4.75% of ETH’s circulating supply and is close to its 5% target
• ETH is trading around $1,747, down about 1.10% in the past 24 hours
• Analyst Ali Martinez says ETH needs to hold above $1,750 to keep a bullish TD Sequential buy signal valid
• Key resistance sits at $1,806–$1,807; a break below $1,750 could push price back toward lower support levels

Ethereum (ETH) is trading around $1,747 at the time of writing, with a market cap of roughly $211.25 billion and 24-hour trading volume of $12.46 billion. The price is down about 1.10% over the past day, but technical indicators suggest the broader recovery from recent lows is still intact.

BitMine Immersion Technologies (BMNR) continued its accumulation of Ethereum last week, adding 42,197 ETH to its treasury. That purchase pushed BitMine’s total ETH holdings to 5.74 million ETH, worth around $10.27 billion.

According to crypto analytics platform Arkham, BitMine now controls roughly 4.75% of ETH’s circulating supply. The company needs to purchase approximately $523.7 million more in ETH to hit its stated goal of owning 5% of the total supply — an amount its current cash reserves can cover.

Crypto analyst and X user Ted (@TedPillows) noted that ETH has reclaimed the February 2026 lows, a level he sees as key. He said Ethereum needs to hold above this level for another 8–10% rally to follow.

BitMine also holds 206 Bitcoin, a $180 million stake in Beast Industries, a $71 million stake in Worldcoin treasury, and $527 million in total cash and marketable securities.

BitMine Chairman Thomas Lee commented on the regulatory environment, saying the company sees regulatory clarity as important, particularly for smart contract platforms like Ethereum. Lee cited an increase in the odds for passage of the Clarity Act.

BitMine’s Staking Position

BitMine has staked 4.87 million ETH, more than any other entity in the world. The company’s annualized staking revenue stands at $235 million.

Lee has said that this staking revenue comfortably covers the annual dividend obligations for the company’s recently launched preferred stock offering. This is relevant because Strategy sold 3,588 BTC last week to fund its own dividend payments, raising questions about whether ETH treasury firms face the same pressure.

ETH Price Levels to Watch

Crypto analyst Ali Martinez flagged on July 6 that Ethereum had formed an hourly TD Sequential buy setup. He said the pattern stays valid as long as ETH holds above $1,750. A move above that level opens a path to $1,800–$1,826. A break below $1,750 would invalidate the signal.

Ethereum is currently trading above the Bollinger Bands midline at $1,673.08. The MACD line at -15.01 is above the signal line at -45.38, pointing to growing buying momentum.

On the daily chart, ETH is below its 50-day EMA at $1,807 and 100-day EMA at $1,970. Resistance is clustered at $1,806–$1,807, with further levels at $1,909, $2,018, and $2,107.

Support sits at $1,741 and the 20-day EMA at $1,714. Deeper support levels are at $1,524, $1,404, and $1,155.

The RSI stands at 58, suggesting improving momentum, while the Stochastic near 90 signals possible short-term exhaustion at current resistance.

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