ETH 15-minute short-term rise 0.74%: technical rebound and short covering push price upward

From 04:45 to 05:00 (UTC) on June 25, 2026, ETH quickly rose in 15 minutes, with a return of +0.74%, price range of 1622.53-1636.18 USDT, and amplitude of 0.84%. The price rebounded from near the recent low, and market volatility increased significantly.

The main driving force behind this unusual move is technical rebound demand coupled with short covering. The price is in a key support area above the historical low of $1,450. After a significant pullback from the previous high of $3,400, some rebound momentum has accumulated near key technical levels. Meanwhile, the $1,700 mark, which was an important psychological resistance level, has been broken and turned into a selling pressure zone. Some short sellers chose to close positions and take profits when the price approached this level, triggering a short-term upward correction.

In addition, the spot ETH ETF has seen redemptions for 17 consecutive days recently, with continuous institutional capital outflows creating pressure, but long-term institutional confidence remains. The structural support from the spot ETF's cumulative net inflow of over $15 billion has not completely collapsed. Concerns over the Ethereum Foundation's funding crisis have eased after denial by core institutions, eliminating a short-term negative factor. On-chain active addresses have dropped by over 50% in months, with a substantial reduction in network usage, weakening fundamental support.

The current technical structure remains weak, with the price below all major EMAs, and $1,700 has turned from support into resistance. Investors need to pay attention to whether institutional capital flows can turn positive, whether on-chain activity stabilizes, and the progress of the Glamsterdam upgrade. It is recommended to closely monitor the performance of the $1,700 resistance level and the strength of the $1,450 support, and guard against short-term volatility risks.