ETH surged 1.06% in 15 min: technical oversold repair combined with low reserve levels drives short-term rebound.

From 14:45 to 15:00 UTC on July 7, 2026, ETH rose +1.06% within 15 minutes, with a price range of 1770.65 to 1792.79 USDT and an amplitude of 1.25%. During this period, prices rebounded rapidly, market attention noticeably warmed, and volatility expanded compared to previous days.

The main driver of this anomaly is technical oversold repair. The daily RSI of ETH has fallen to the extreme oversold zone of 17 to 25, hitting the lowest level since its launch in 2015. Meanwhile, the 3-day TD Sequential has issued a '9' buy signal, indicating that selling pressure is nearly exhausted and there is a technical need for a rebound. In addition, the total ETH reserves on exchanges have dropped to an 8-year low, significantly reducing the supply of immediately sellable chips, amplifying price sensitivity to bid demand.

Meanwhile, continued accumulation by whales constitutes secondary support. Multiple whale addresses have been consistently withdrawing ETH from exchanges to non-custodial wallets, showing a long-term holding tendency. However, persistent ETF outflows pose significant pressure. Ethereum ETFs have recorded net outflows for 14 consecutive trading days, with a cumulative amount exceeding $708 million. The rotation of institutional funds to XRP and Solana indicates changing market preferences. Global macro market volatility has intensified, with Taiwan's stock market experiencing a sharp swing of over 1,500 points on the same day, further dragging down sentiment for risk assets.

Short-term volatility risks need to be noted. Key observation indicators include the validity of the $1,500 key support level, whether ETF flows can turn positive, and subsequent actions of whale addresses. Given that the current technical rebound should be interpreted as oversold repair rather than a trend reversal, it is recommended to monitor more market information to assess subsequent trends.