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ETH plunges within 15 minutes by 0.81%: Middle East conflict escalates, strengthening the US dollar and spreading risk-off sentiment into the crypto market
Between 17:45 and 18:00 UTC on July 13, 2026, ETH saw a rapid drop in the short term. Within 15 minutes, the return rate reached -0.81%. The price fell from 1769.52 USDT to 1753.28 USDT, with a 0.92% range. Over the past 24 hours, ETH retreated from a high of 1845.81 USDT to the current 1758.52 USDT, and the intraday decline widened to 3.37%, with volatility clearly increasing.
The main driving force behind this unusual move is the escalation of military conflict in the Middle East. Rising risks of a Strait of Hormuz blockade pushed the U.S. Dollar Index sharply higher, while also intensifying inflation expectations. Large amounts of capital moved out of risk assets, flowing into USD safe-haven assets. As a risk asset, ETH fell under pressure. BTC also dropped by 1.45% in parallel, indicating this is an overall pullback across the crypto market rather than an ETH-specific event.
At the same time, mining firm BitFuFu’s selling of 184 BTC further increased market supply pressure, transmitting the BTC decline to other mainstream assets such as ETH. News that the Bank of Japan may raise its economic growth forecast further strengthened expectations for a tighter global interest-rate environment, indirectly weighing on non-yielding assets. Order book data show the current bid-ask depth ratio is only 1.05, indicating liquidity is relatively low. Large buy wall positions are at 1758.52 USDT, suggesting support is weak; this also makes it easier for short sellers to amplify selling pressure due to insufficient liquidity available to borrow.
The current 24h low of 1753.28 USDT is a key support level. If it breaks, it may accelerate the downward move. It is important to watch the trend of the U.S. Dollar Index and whether BTC can hold the 63000 USDT support. Liquidity risk and geopolitical changes remain the main near-term uncertainties. It is recommended to monitor on-chain large fund flows and institutional moves.