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ETH plunges 2.76% in 15 minutes: The previous short squeeze triggered a technical correction, while overbought RSI readings across multiple timeframes intensified selling pressure

From 05:00 to 05:15 (UTC) on August 22, 2026, ETH plunged 2.76% within 15 minutes, with its price falling from 2,518.24 USDT to 2,382.48 USDT and its amplitude reaching 5.40%. ETH had previously rebounded approximately 18% from its low of $2,139, and the excessive short-term rise triggered a technical correction, significantly intensifying market volatility. The main driver of this move was a technical correction following the earlier short squeeze. From August 19 to 20, ETH rose approximately 1
ETH1.37%
BTC-0.20%
GateNews·8h ago
ETH plunges 2.76% in 15 minutes: The previous short squeeze triggered a technical correction, while overbought RSI readings across multiple timeframes intensified selling pressure