ETH 15-minute slip of 0.63%: Robinhood Chain's bullish momentum continues to build, triggering a short-term rebound as shorts are liquidated.

From 01:45 to 02:00 (UTC) on July 13, 2026, ETH experienced a slight pullback of 0.63% within 15 minutes. The price ranged from $1,805.31 to $1,818.42 USDT, with an amplitude of 0.72%. Despite the short-term dip, ETH’s 24-hour performance still shows a gain of 2.55%, as the price rebounded from the $1,780 area to around $1,832, indicating an overall technical rebound pattern.

The main driver behind this move is ongoing fundamental strength, as Robinhood Chain adopts ETH as its native gas token. The traditional financial giant Robinhood chose ETH instead of issuing a self-built token, reinforcing ETH’s dominant role as a decentralized finance settlement layer. Fundstrat managing partner Tom Lee also publicly supported the long-term ETH demand thesis, further boosting market confidence. Meanwhile, Binance’s derivatives market liquidated short positions worth $213,500 at $1,824, and the short stop-loss trigger provided additional upside momentum.

Second, severe order book depth imbalance amplified short-term volatility. The buy/sell depth ratio across the top five levels was only 0.32, with sell-side liquidity clearly dominant. At $1,831.66, there is a large sell wall of 4.18 ETH, accounting for 43.2% of the total volume across the top five levels, indicating heavier overhead selling pressure. Additionally, Tether burned 3 billion USDT on the Ethereum network that day—the largest scale since February 2026—which could affect on-chain liquidity conditions. On the technical side, RSI is in the neutral 52–56 range; the daily and hourly MA trend signals remain bullish, but a low ADX suggests insufficient trend strength.

Current volatility risks should still be closely monitored. The $1,832–$1,840 area has sell-wall resistance. If the breakout cannot be supported by trading volume, near-term upside may be limited. Key support levels to watch include the $1,800 structure area and the $1,718 20-day EMA. If a pullback occurs with reduced volume, the price may revisit below $1,700. Going forward, continue monitoring changes in active on-chain addresses, ETF fund flows, and the official rollout progress of Robinhood Chain.