ETH 15-minute short-term pullback of 0.94%: After the Iran-Iraq ceasefire agreement pricing was completed, long positions took profits

Between 22:15 and 22:30 (UTC) on June 15, 2026, ETH saw a sharp drop of 0.94% within 15 minutes. Its price fell from 1811.05 USDT to 1789.35 USDT, with a swing of 1.20%. The pullback occurred after an intraday rebound—earlier, ETH closed up 3.79% for the day, but during the U.S. and Europe trading session, some short-term long traders chose to take profits, leading to a rapid retracement near the end of trading.

The main driver behind this move was that after the market had already fully priced in the U.S.-Iran ceasefire deal during the Asian session, profit-taking emerged during the U.S. and Europe session. On June 15, 2026, the U.S. and Iran reached a ceasefire agreement for the Strait of Hormuz, prompting a broad rebound in risk assets. Bitcoin rose 4.14% that day, breaking above $65,000. However, when UTC 22:15 arrived—corresponding to 18:15 Eastern Time in the U.S. (shortly after the U.S. stock market close)—some short-term traders opted to close positions and exit, causing ETH to fall from its intraday high.

Second, a technical test failed at $1,700 as a short-term resistance level, triggering automated sell orders. Price was trading below all major moving averages. The 21-day moving average at $1836.75 exerted downward pressure, and the $1,700 to $1,800 range contained a large number of exit-and-unwind orders as well as take-profit sell orders. Meanwhile, continued net outflows from ETFs weakened institutional buying support. The Fear and Greed Index was in the extreme fear zone at 18. Market depth was insufficient, as exchange reserves hit a historical low, and whales’ take-profit sell orders further amplified volatility.

$1,650 is now a key support level. If the daily close falls below this level, ETH could test $1,500. Investors should closely monitor ETF fund flows, whale behavior on-chain, and changes in macro policies, and be mindful of short-term volatility risks.