ETH holds $1,780 support as traders watch $2,200-$2,400 targets, whale Binance deposits, and USDT-USDC reserves.
Ethereum is holding a key support level as traders watch for another move higher. The latest market view places $1,780 at the center of ETH’s short-term trend.
Michaël van de Poppe said ETH is running a new upward trend. He added that Ethereum is flipping earlier resistance levels into support.
His next target range sits between $2,200 and $2,400 if support holds. However, whale activity still adds risk to the current setup.
Crypto Patel said Ethereum whales are not capitulating, but selling pressure remains active. He pointed to elevated ETH deposits on Binance and large stablecoin reserves.
Ethereum Holds Key Support at $1,780
Michaël van de Poppe said Ethereum is more likely to move above $2,000 soon. He said the asset is now trading in a new upward trend. This view depends on ETH holding its current support structure.
It’s incredibly more likely that we’ll start to see $ETH at $2,000+ in the near future.
The asset is running a new upwards trend and flipping previous resistance levels for support.
I don’t think things should be overcomplicated, and on the lower timeframe levels, it’s clearly… pic.twitter.com/h7OAoppiec
— Michaël van de Poppe (@CryptoMichNL) July 18, 2026
The key level in focus is $1,780 on lower time frames. According to van de Poppe, this level remains crucial for the current trend. As long as it holds, the broader move still points upward.
He also said Ethereum is turning former resistance areas into support. This is often watched as a sign of improving market structure. The next upside area sits between $2,200 and $2,400.
Whale Profits Shrink, but Holders Stay Active
Crypto Patel said Ethereum whales are not showing full capitulation. He noted that whale profits are shrinking as the market adjusts. Still, most large holders remain in profit.
This creates a mixed setup for ETH traders. Large holders may still have room to sell without taking losses. At the same time, they may choose to support the market if demand improves.
The current whale position makes capital flow important. If large wallets add exposure, ETH may gain support near key levels. If they reduce holdings, selling pressure could slow the recovery.
Read also: Ethereum Price Analysis: Key $1.4K–$1.6K Zone in Focus as Rally Looms
Binance Deposits Keep Selling Risk Alive
Crypto Patel also pointed to elevated ETH deposits on Binance. Higher exchange deposits can mean more supply is ready to be sold. This does not guarantee selling, but it raises market caution.
Ethereum Whales Aren’t Capitulating… But The Selling Risk Isn’t Gone.$ETH Whale Profits Are Shrinking, Yet Most Large Holders Are Still In Profit.
At The Same Time…
ETH Deposits To Binance Remain Elevated, Keeping Plenty Of Supply Ready To Be Sold.The Good News?
Whales… pic.twitter.com/gFR7cqcWvq— Crypto Patel (@CryptoPatel) July 18, 2026
Ethereum whales also hold large USDT and USDC reserves. These stablecoin balances enable them to buy or sell quickly. Therefore, their next moves may influence ETH’s short-term direction.
For now, ETH remains between support strength and whale-driven supply risk. The $1,780 level remains the main line for buyers to defend. A clean hold could keep $2,200 to $2,400 in focus.
