ETH 15-minute short-term decline of 0.49%: technical rebound momentum diminishes, MACD death cross triggers a short-term pullback

From 06:45 to 07:00 (UTC) on July 15, 2026, the ETH price fell from 1885.51 USDT to 1875.55 USDT. Within 15 minutes, it plummeted 0.53%, with an amplitude of 0.53%. Previously, over the past 24 hours, ETH rebounded from a $1779 low by about 5.27% to around $1876, but the momentum for the short-term rebound has clearly weakened, and the price has turned back to decline.

The main driver behind this pullback is the decay of momentum after a technical rebound. On the 4-hour timeframe, the MACD has formed a death cross, and the overall technical signals have turned bearish. This is the most important technical warning signal in the short term, suggesting the prior rebound may have entered a correction phase. Meanwhile, the 15-minute MA trend has turned bearish, and ADX at only 13.89 indicates that ultrashort-term momentum has already run out. Multiple indicators in sync confirm that a short-term adjustment is needed.

In addition, ask dominance in the order book further amplifies the pressure for adjustment. The bid/ask depth ratio is 0.60 (<0.67), with total ask volume at 9.36 far exceeding bid volume at 5.66. A large sell wall at $1877.60@25.52 units creates notable overhead pressure, forming an extremely tight standoff with the buy orders supporting the downside. On the macro level, the potential resumption of the US-Iran conflict may reverse the prior trend of energy price plummeting. As inflation continues to move down, the benefits for risk assets fade, and the fundamentals lack new catalysts to sustain the rebound.

As a risk warning, the risk of a short-term technical pullback is rising. Focus on whether the 4-hour MACD death cross further deteriorates and whether volume expands to confirm the direction. Key support levels to watch are $1871.91 and $1779, with immediate resistance at $1877.60. It’s recommended to monitor subsequent macro news and developments around Ethereum ETFs, and watch for signs of a rebound from the area near new lows.