ETH 15-minute pullback of 0.49%: MACD dead cross and weakening technical signals trigger short-term sell pressure

From 06:45 to 07:00 (UTC) on July 15, 2026, ETH saw a short-term pullback. Within 15 minutes, the return rate was -0.49%, with a price range of 1,875.55-1,885.51 USDT and a volatility of 0.53%. Earlier, ETH rebounded about 5.27% from the 24-hour low of $1,779 to around $1,876, but current volatility has increased and market attention is rising.

The main driver behind this move is the waning momentum of the technical rebound. On the 4-hour timeframe, the MACD formed a death cross; overall technical signals have turned slightly bearish, suggesting the short-term rebound may have entered a correction phase. Meanwhile, although the 1-hour MA remains bullish, the ADX is as high as 50.81, indicating short-term momentum has shifted from strong to weak, and a technical divergence has formed.

Second, order-book depth shows selling pressure dominates, with the buy/sell ratio at only 0.60 (buy orders 5.66 vs sell orders 9.36). At the $1,877.60 level, there is a large sell order of 25.52 units, creating notable overhead resistance. On the macro side, the positive impact of US inflation falling to 3.5% and energy prices declining has been priced in by the market; however, a potential resumption of the US-Iran conflict could reverse the decline in energy prices, increasing market uncertainty. In addition, although the Pepeto cross-chain bridge connecting Ethereum, BNB Chain, and Solana has helped the presale break above $10.46 million, it has limited direct driving power for the ETH mainnet price.

In terms of risk warnings, the current technical outlook is clearly bearish. Key things to watch include whether the 4-hour MACD death cross further worsens and whether trading volume expands to confirm the direction. For key support levels, focus on $1,871.91 and $1,779; for resistance levels, watch $1,896.55 and the $1,900 psychological level. Short-term volatility risk is rising, so it’s recommended to monitor on-chain fund flows and changes in macro news sentiment.