ETH Ahead of Glamsterdam: $1,754 Is the Level to Watch

On July 9, 2026, pseudonymous analyst Wise Crypto flagged $1,754 as the key resistance level for ETH, which was trading just a couple of dollars below that mark at the time — down about 1% over 24 hours, but up 7% over the week and 3% over the month, CryptoPotato reports.

Under the analyst's scenario, a breakout above $1,754 opens the door to a $2,440 target, while a failure to hold the current range sends the asset back toward support near $880. The analyst points to a mismatch: market attention on ETH is currently minimal even as network activity stays resilient — a gap they flag as a potential catalyst for upside.

The backdrop for that call is the approaching Glamsterdam upgrade, expected within the next few weeks: it's set to triple the network's gas limit, cut fees by roughly 78%, and push throughput to around 10,000 transactions per second.

Additional signals from the derivatives market: Binance saw a leverage flush of 594,000 ETH in open interest — the deepest such drop since August 2024 — while OKX spot volume hit $2.09 billion, 49% above the year's prior record set on February 5.

The upshot: a drop in derivatives open interest alongside rising spot volume is usually read as a sign that leveraged speculators are exiting positions while longer-horizon buyers are stepping in.

This article is for informational purposes only and does not constitute investment advice.