ETH 15-minute short-term rally up 0.93%: oversold rebound combined with fewer large transfers reducing seller liquidity

From 07:00 to 07:15 UTC on June 6, 2026, ETH achieved a +0.93% return within 15 minutes. The price range was 1556.15 to 1575.93 USDT, with a 1.27% amplitude. During this period, market volatility intensified. The price rebounded rapidly from an oversold range, drawing market attention.

The main driver behind this abnormal move was that a major exchange’s hot wallet transferred about 118,300 ETH (about $189 million) at 07:02:35 UTC. Large-amount assets were moved from the trading platform to cold storage, which significantly reduced the sell-side liquidity supply in the short term. Coupled with the technical extreme oversold conditions, this triggered a rapid rebound.

Meanwhile, multiple factors formed a resonance effect. On the technical side, the 14-day RSI was only 18.3, far below the oversold threshold of 30. The price had deviated more than $500 from the 50-day moving average, leaving ample room for a rebound. On the sentiment side, the Fear and Greed Index was at 12, an extremely fearful zone, and some investors adopted a contrarian buying strategy. On the fund flow side, a top platform saw a large transfer of 107,100 ETH three days earlier, which usually suggests whales are accumulating rather than selling, improving short-term market expectations. In addition, ETH ETFs have recently continued to see outflows of $401.6 million, and the gradual release of sell-side pressure also created conditions for the rebound.

The current price is still below the long-term moving averages, and a trend reversal has not yet been confirmed. Going forward, investors should monitor macro policy developments (the Federal Reserve’s rate decision, U.S.-China trade situation) and changes in on-chain fund flows. Short-term volatility risk remains, so it is recommended to watch key support and resistance levels.