Key Insights:
- Ethereum price moves above the Tenkan and Kijun lines as traders watch for a possible push toward $1,850.
- Bullish leverage positions are increasing, indicating growing confidence among short-term Ethereum traders.
- Binance records its highest Ethereum withdrawal volume in over three years, pointing to possible accumulation.
Ethereum (ETH) price has bounced from recent lows as technical signals improve. Traders are increasing bullish bets, and Binance recorded its biggest ETH crypto withdrawal activity in more than three years.
The latest data has renewed interest in whether Ethereum price can climb toward the $1,850 level.
Ethereum Price Shows Fresh Strength After Technical Recovery
Ethereum price is drawing attention again after moving above two important technical levels, the Tenkan and Kijun lines. Many traders use these indicators to judge whether buyers are starting to regain control of the market.
Crypto analyst Titan said ETH is leading Bitcoin at the moment after reclaiming both levels. He added that the next area to watch is the Kumo, also called the cloud.
That level has stopped price rallies before, so traders will be watching closely to see if Ethereum can move above it. A break above the cloud could support another move higher. If buyers fail to push through, the price could slow down again.
Titan also warned that the previous yearly low has not been tested again. That means the market could still return to that level before starting a stronger recovery. It is one of the reasons some traders are staying cautious even after the latest gains.
Recent market data shows the Ethereum price has recovered by about 10% over the past two days. Even with that bounce, CryptoQuant noted that the coin remains about 67% below its August 2025 peak. The drop is also deeper than Bitcoin’s decline over the same period.
The latest recovery has improved market confidence, but traders are still waiting for more confirmation before calling it a full trend change.
ETH Crypto Traders Increase Bullish Bets
Trading activity also points to growing confidence among short-term investors. Market analyst CW said long positions are now leading high-leverage ETH crypto trades. This means more traders are betting that prices will move higher instead of lower.
CW also said investor sentiment has started to improve after staying weak for some time. Short-term sentiment has now turned bullish, showing that many traders believe the recent recovery still has room to continue.
Leverage trading often changes quickly, so it is not always a guarantee of what comes next. Even so, it gives a clear picture of how active traders are positioning themselves.
If buying continues, those long positions could support another move higher. On the other hand, any sudden price drop could force some traders to close their positions, adding more pressure to the market.
For now, many traders are watching price movements alongside market sentiment. They aren’t relying on a single signal.
Binance Withdrawals Raise Questions About Investor Demand
Binance has also recorded a sharp rise in ETH crypto withdrawals. CryptoQuant said more than 166,000 withdrawal transactions were completed in one day. That is the highest daily total since March 2023.
Large withdrawals usually mean investors are moving coins away from exchanges instead of preparing to sell them. Because of that, some analysts believe the latest activity could show long-term buying around the $1,500 price level.
CryptoQuant also said there may be other reasons behind the increase. Some investors could be moving funds into DeFi platforms to earn yield. Others may have withdrawn their coins because of concerns about the July 1 MiCA rules. Those fears later proved unnecessary because withdrawals were not restricted.
The report said it is difficult to attribute the entire increase solely to long-term buying. Even so, the size of the withdrawals suggests that real demand may be part of the story.
If buying interest stays strong and market confidence keeps improving, Ethereum price could have a chance to test the $1,850 level in the coming days.
