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3 Reasons to Go Long on $ETH Today 20260801: 1️⃣ Stronger Relative to BTC $ETH is not the strongest in absolute terms, but it remains resilient relative to $BTC. As of 2026-08-01 07:00 UTC, $ETH's 7-day price rose from $1,854.68 to $1,868.49, up +0.74%; during the same period, $BTC fell -1.49%. More importantly, ETH priced in BTC increased +2.26% over 7 days, indicating the market still assigns a relative premium to $ETH. The logic for going long on $ETH is not "chasing the rally" but betting on capital continuing to rotate from BTC to ETH among mainstream assets. 2️⃣ ETF Fund Flows Turn Positive Again Spot ETH ETF fund flows provide fundamental support for the bulls. Recent settled ETF data shows: net inflow of $12.8M on July 30, net inflow of $9.0M on July 31; the total net inflow over the past 5 settled trading days is about +$10.0M, despite a single-day outflow of -$32.9M on July 29, with the last two days consecutively turning positive. 3️⃣ Leverage Was Cleared, but Long Costs Are Not High In the past 24 hours, Binance ETH contracts saw significant long liquidation: about $17.57M in long position liquidations and about $1.50M in short position liquidations. This indicates that last night's pullback cleared a batch of high-leverage longs; if the price can hold the $1,850-$1,855 range, it looks more like a "second entry point after leverage washout." At the same time, Binance ETH/USDT perpetual funding rate is 0.002883% / 8h, annualized about 3.16%, which is not overheated; the daily RSI is about 51.57, not a typical overbought zone. This supports a "buy the dip rebound" approach rather than "chasing longs at highs": bulls prefer to see no new lows after liquidations.