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 SPX500 opened Monday at 7554.2 and closed Friday at 7468.1. The week printed a high of 7587.7 on Thursday and a low of 7460.9 on Friday. Net, the index shed about 86 points, close to 1.14 percent, and finished near the low of the range.
The bundle carries no scheduled events or headlines for the closing week, so the story is written in the tape itself. Monday opened firm and then sold off to 7495.7, closing red at 7507.2. Buyers stepped back in through Tuesday and Wednesday, lifting the close to 7572.2 and tagging 7581.7. That rally stalled Thursday at 7587.7, the weekly high, and the index reversed hard to close at 7518.2.
Friday sealed the reversal. Price opened at 7518.1, never traded above 7521.4, and ground down to 7460.9 before settling at 7468.1. Friday volume of 46697 came in well below the 160,000 to 180,000 range seen earlier in the week, so the drop happened on thin participation rather than a heavy liquidation.
The bundle lists no scheduled high-impact events for the upcoming week. Without a calendar catalyst, watch how price behaves around this week's extremes. If the index reclaims the 7518 area on stronger volume than Friday's 46697, the midweek highs come back into focus. If sellers cap the open and price stays under Friday's high, the range low stays exposed. Cross-check the tone against the Nasdaq 100, since large-cap tech often leads broad index direction.
As of 2026-07-17, LHFX client books show 58.4 percent long and 41.6 percent short on SPX500. That is a moderate long skew into a week that closed near its low. When the crowd sits net long while price fades, any further downside can force long liquidation, which tends to accelerate moves lower. The skew is not extreme, so it reads as consensus lean rather than a crowded one-sided bet.
The Friday low at 7460.9 is the first line. If price holds above it, the Monday low near 7495.7 becomes the intraday pivot. If it breaks and closes below 7460.9, the next reference is the round 7450 zone just underneath. On the upside, 7518 caps the immediate bounce, and above that the 7587.7 weekly high is the level that defined the top of this range. See how these levels hold when you open a live SPX500 chart with LHFX.
Byline: LHFX Research
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