ETH rebounds 0.58% in 15 minutes: short-term pullback triggered by technical resistance and BTC weakness

From 14:45 to 15:00 (UTC) on July 24, 2026, ETH rebounded and recovered within 15 minutes, recording a Return % of +0.58%. The price range was 1,848.13–1,862.95 USDT, with an Ampl of 0.80%. Previously, over the past 24 hours, ETH slid from around $1,910 to the $1,855 area, down about 1.85%. This represents a mild technical pullback with limited market volatility.

The main driver behind this anomaly is that, after ETH approached the TBO resistance zone, concentrated sell pressure was released. Technical analysis suggests ETH’s current positioning pattern resembles the top structure seen from April to May, near the 1.0 Fibonacci level. Combined with BTC’s synchronous display of bearish signals near the market top, this creates an overall backdrop of pressure across the crypto market. Order book data shows the buy-sell depth ratio is only 0.32, with sell-side dominance. At $1,854.6, there is a large sell wall of 5.093 units, accounting for 46.6% of total volume across the top 5 levels—confirming that near-term sell pressure is concentrated.

Meanwhile, geopolitical risk events produced a resonance effect. A statement from U.S. Trump threatens a “large-scale attack” on Iran; oil prices broke above $100, which may trigger a risk-off sentiment for risk assets and indirectly weigh on the crypto market. Additionally, while Morgan Stanley’s Ethereum trust receiving an SEC effective registration is a medium- to long-term positive, it did not generate effective buy-side momentum in the short term. A well-known swing trading address accumulated 2,657 ETH at an average price of $1,935, with a floating loss of about 4.3%, suggesting that some “smart money” recognizes the current price but entered too early.

On the current 15-minute timeframe, the RSI is already oversold and the MACD has formed a golden cross, indicating that a very short-term technical rebound may continue. However, the 4-hour MA shows a bearish pattern, and medium-term downside pressure remains. Next, it’s important to monitor support at $1,848 (24h low) and $1,820 (psychological level), as well as whether resistance at $1,875 and $1,910 can be broken. If BTC confirms a top pullback, ETH will likely face greater downside pressure. Short-term volatility risk still exists; it is recommended to watch for changes in the order book sell wall and trading volume signals.