ETH 15-minute chart shows a slight uptick of 0.54%: macro risk aversion and a stronger US dollar combine to weigh on it

Between 23:45 on July 13, 2026 and within 15 minutes after UTC midnight, ETH ticked up 0.54%. The price ranged from 1766.91 to 1778.09 USDT, with a 0.63% amplitude. Although there was a minor rebound in the short term, over the past 24 hours ETH fell from the high of 1845.81 to around 1776 dollars now, a drop of 2.29%. Overall, it remains in a pullback phase, and market volatility has increased.

The main driver behind this unusual move is macro-level geopolitical risk. The risk of closure of the Strait of Hormuz has heated up, escalating conflicts in the Middle East have lifted inflation expectations, and market bets on further Federal Reserve rate hikes have risen. The strengthening US dollar index directly weighs on risk assets represented by ETH. Meanwhile, the crypto market has also come under pressure in tandem as safe-haven sentiment rises, and the “safe-haven substitution” narrative failed to form an effective hedge.

In addition, multiple secondary factors are converging. Order book data shows the bid-ask depth ratio is only 0.13, indicating a severe dominance of sell orders. A large sell wall totaling 7.41 ETH is placed at 1775.47 dollars, accounting for 66.2% of the total volume in the top five levels, suggesting clear resistance overhead. On the technical side, ADX across all timeframes is below 25. The 15-minute and 1-hour moving averages lean bearish, while the 4-hour and daily trend lean bullish, creating a split between bulls and bears and leaving the market in a state without a clear trend. The community sentiment index is -0.40, leaning negative. Other reports also indicate that companies linked to Trump have shifted at least $160 million in crypto gains into stock and bond holdings, which the market interprets as a signal of institutional capital outflows.

Current key support sits at 1750 dollars; if it breaks, ETH could test the 1700 whole-dollar level. Resistance to watch is the 1775.47-dollar sell wall position and the 1845-dollar 24-hour high. Going forward, investors should continue to monitor the US dollar index trend, changes in order book depth, and progress on the SEC regulatory framework proposal. Short-term volatility risk remains, so it’s advised to track the performance around key support levels.