Ethereum storms $1800: $2.8 billion in aggressive purchases over six hours — what's behind the surge?
The recovery of Ethereum (ETH) above the psychological level of $1800 was accompanied by a massive surge in aggressive buying on the Binance spot market. Over six hours, the total Taker Buy Volume exceeded $2.8 billion, with more than $1 billion occurring in just one hourly interval. This is the highest hourly reading since June 5, when ETH was trading near $1605.
The key difference between the current rally and previous ones is its timing. Earlier this month, a similar surge in buying activity was recorded at lower levels, around $1605. Now, the wave of aggressive demand coincides with a breakout above the critical resistance of $1800. This marks the first major return to this level after the drop to a low of around $1510 on June 6.
A sustained hold above $1800, backed by such a concentration of liquidity, indicates that major players are ready to push the price higher. However, if momentum weakens, the hourly $1 billion spike could prove to be a short-term burst rather than the start of a sustained uptrend. For now, data from Binance suggests that the breakout was supported by one of the strongest hourly waves of aggressive buying in the last ten days.
Prolonged Capitulation: Bottom or Continued Pressure?
Analysts monitoring the macro market structure highlight a different side of the picture. Ethereum is experiencing prolonged and intense stress, which historically preceded the formation of a bottom. Last year, ETH found a local low after a relatively short capitulation phase, laying the groundwork for a rise to new highs in the summer of 2025.
This time, the situation is different. ETH has been in a state of prolonged capitulation for several months. Under normal conditions, such a level of stress would correspond to a bottoming process, but the problem is that selling pressure continues. A bottom forms only when selling pressure begins to wane. The key question now is whether this process is nearing completion, especially given that Bitcoin (BTC) is providing the market with a breather.
Looking Ahead: Expert Opinions
MN Fund founder Michaël van de Poppe is more confident. He has long noted the current level for ETH and considers it an excellent spot buying opportunity on a 6–12 month horizon. The investor expects a higher low to form. The next step, he says, is a breakout above the 0.03250 level (in the ETH/BTC pair) and a return to a pronounced uptrend.
My analytical assessment: The market is at a critical point. The surge in aggressive buying at $1800 is a bullish signal, but it requires confirmation through sustained volume and a reduction in selling pressure. Prolonged capitulation is a double-edged sword: it either flushes out all weak players, paving the way for a powerful rally, or it exhausts buyers, dragging the market into a sideways trend. For now, I lean toward the first scenario, but only if ETH can hold above $1800 in the coming days.