Market Analysis
ETHUSD weekly recap: swing from 1747 to 1943 fades, 2026-07-13
ETHUSD opened at 1802.99 and closed the week at 1823.36, a gain of just over 1 percent after a sharp mid-week rally faded.
3 min readThe NAS100 opened Monday at 29683.63 and closed Friday at 28546.12. The weekly high printed at 29862.35 on Wednesday, and the low reached 28536.72 on Friday. That leaves a net move of about 1137 points lower, roughly 3.8 percent off the open. The index gave back its midweek gains and finished near the bottom of the range.
The bundle carries no scheduled economic events or headlines for the closing week, so the story is written in the tape itself. Price tried twice to hold above 29600, once Tuesday into Wednesday, then failed. Wednesday's high at 29862.35 marked the ceiling. From there the selling built through Thursday, when the index broke below 29000 and closed at 28905.62.
Friday extended the slide on lighter volume of 69240 versus the 250000-plus seen earlier in the week. Thin participation into the close can exaggerate directional moves, and the index drifted to its weekly low before settling at 28546.12.
The bundle lists no scheduled high-impact events for the coming week. With an empty calendar, price action becomes the main guide. Watch how the index reacts around the levels below. A clean reclaim of a broken level tends to draw momentum back to the prior resistance, while repeated failure at a level often invites another test of the recent low. Compare the move against a related index such as the S&P 500 to gauge whether the weakness is broad or index-specific.
As of 2026-07-17, LHFX client positioning shows 54.8 percent long and 45.2 percent short. That is a modest long skew against a week that closed lower. When the majority holds long into a falling market, it can signal traders leaning against the trend, and crowded long books sometimes unwind if support gives way.
The Friday low at 28536.72 is the first line in the sand. If price closes below it, the round-number zone near 28500 comes into focus. On the upside, 29000 is the level bulls need to reclaim. If price closes back above it, the Thursday open near 29494 is the next obvious reference. The weekly high at 29862.35 caps the range for now. You can track these levels from your LHFX account.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
