ETH 15-minute short-term rebound of 0.67%: Oversold technical repair combined with buy orders absorbing at the support level

From 19:30 to 19:45 (UTC) on June 18, 2026, ETH rebounded quickly within 15 minutes, with a return rate of +0.67%. The price range was 1,691.13 - 1,703.42 USDT, with a swing of 0.73%. The price rebounded from near the recent low, market attention rose significantly, and short-term volatility intensified.

The main driving force behind this move is a technical oversold rebound. Throughout June, ETH has been in an extreme oversold condition, with the Fear and Greed Index falling to 18 (extreme fear). The SMA moving average positions were all above the day’s closing price, suggesting accumulated demand for a short-term technical bounce. At the same time, the key $1,650 support level attracted dip-buying funds after multiple tests; stop-loss buying and value investors provided follow-through, pushing the price upward for correction.

In addition, marginal improvement in ETF fund flows provided a catalyst. In early June, Ethereum ETFs ended 17 consecutive days of outflows, recording a $19.30M net inflow. BlackRock’s ETHA product continued to attract capital, and this kind of structural fund rotation offers a lagging but supportive impact on market sentiment. On-chain data also shows ETH circulating supply is at a nine-year low (about 15.28 million ETH). Seller liquidity has tightened, and any new buy orders could amplify price impact disproportionately and increase volatility.

Key risks to watch now are short-term volatility. If the 4-hour closing price cannot hold above $1,700, it may face renewed pressure; if $1,650 support is lost, it could drop toward $1,500. Going forward, continue monitoring the persistence of ETF fund flows, whale address behavior on-chain, and how macro market volatility correlates with cryptocurrencies.