ETH rebounds 1.09% in 15 minutes: RSI triggers a technical correction after being extremely oversold

From 18:15 to 18:30 (UTC) on June 4, 2026, ETH/USDT rose 1.09% within 15 minutes. The price rebounded from around 1,760.35 USDT to 1,779.55 USDT, with a 1.09% range. Against the backdrop of pressure across the broader crypto market, where intraday losses are in the range of -2.72% to -5.89%, the period ended up closing higher against the trend, drawing attention.

The main driver behind this deviation is a rebound demand triggered by an extremely oversold technical setup. ETH’s RSI closed at 9.52 on June 4, below the reading during the sell-off in February 2026, placing it in an extremely oversold zone. An RSI below 30 is typically considered an oversold signal; a level of 9.52 indicates the price has experienced a technical oversold condition, providing technical justification for a rebound.

Second, on-chain data shows that large buy orders have clustered entry, directly pushing prices higher. In the 1-minute window from 18:29 to 18:30, two consecutive large buy orders appeared (7,183.32 USDT and 3,306.50 USDT). The total was approximately 12,205.67 USDT, pushing the price from 1,775.51 USDT up to 1,781.11 USDT. In addition, sustained institutional buying expectations provide downside support—BitMine holds more than 4.14 million ETH (about 3.4% of circulating supply). Corporate treasuries and ETFs have also acquired about 3.8% of circulating supply since May. The Glamsterdam upgrade expectations (a 78.6% gas fee reduction, 10,000 TPS) are likewise a narrative catalyst for a short-term rebound. Multiple factors overlapping have created a resonance effect, amplifying volatility.

On the risk front, the key is to watch whether the current technical rebound can sustain. Kitco noted that ETH has confirmed a TBO (Trendline Breakout) breakdown, which may form a second breakdown structure. The Fear and Greed Index is at an extreme fear level of 11, and the market has not fully bottomed yet. If Bitcoin breaks below $60,000, ETH may follow into a further decline. For short-term traders, the $1,824 support level should be closely monitored, as well as potential downside space below $1,750.