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 JPN225 opened Monday at 68,532 and closed Friday at 63,943. That is a net move of about 4,589 points lower, or roughly 6.7% off the open. The weekly high printed at 69,068 on Monday and the weekly low reached 62,677 on Friday. The range spanned nearly 6,400 points, so the week belonged to the bears once the early recovery failed.
Monday set the tone with a sharp intraday reversal. Price stretched to 69,068 before selling knocked the close down to 66,788, well below the open. Tuesday and Wednesday tried to stabilise, with Tuesday closing back up at 68,260, but the recovery stalled under the Monday high and the index rolled over.
Thursday broke the structure. The close at 65,423 sat right on the session low and confirmed that buyers had stepped away. Friday accelerated the move, printing a low of 62,677 before settling at 63,943 on much lighter volume of 64,865 versus the 176,708 seen Thursday. That thin Friday tape suggests exhaustion rather than fresh conviction, but the trend into the weekend was clearly down.
The bundle lists no scheduled high-impact events for the coming week. With the calendar quiet, price action is more likely to be driven by broad risk sentiment and moves in correlated equity indices. Watch how the Nasdaq 100 trades, since global equity risk-on and risk-off flows tend to pull JPN225 in the same direction. If broad equity sentiment firms up, the JPN225 rebound has room to test back toward the week's broken levels. If risk appetite stays weak, Friday's low remains the reference point.
LHFX client positioning shows 54.1% long and 45.9% short. That is a modest long skew after a week that fell hard. A majority of traders are holding or adding longs into a downtrend, which often reflects dip-buying against the move. A crowded long book into weakness can add fuel to further downside if those positions get flushed, so treat the skew as a caution flag rather than confirmation.
Friday's low at 62,677 is the first line in the sand. If price holds above it and reclaims 65,423, the Thursday close, buyers regain some footing and the 66,788 Monday close comes back into view. If 62,677 gives way, the round 62,000 area becomes the next obvious reference. On the upside, the 69,068 weekly high caps any recovery attempt. You can track these levels and set your own alerts by opening an 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.
