ETH 15-minute pullback of 0.63%: A short-term adjustment triggered by selling pressure from TBO resistance and rising BTC dominance in sync

On July 23, 2026, 15:00–15:15 (UTC), ETH fell by 0.63% within 15 minutes. The price ranged from 1883.08–1896.53 USDT, with an AMP of 0.71%. After price was held down by the TBO resistance level, it quickly dropped back, with clearly increasing market attention and heightened volatility.

The core driving force behind this unusual move is a technical and fund-flow resonance. ETH hit resistance and pulled back near the $1,950–1,960 TBO resistance zone, while rising BTC dominance compressed ETH’s relative performance room. In addition, continuous outflows from the ETH ETF, combined with Deribit’s weekly options expiry, triggered short-term position adjustment pressure, together amplifying selling pressure.

From the support backdrop, the 15-minute RSI has entered the oversold region, suggesting a short-term technical rebound demand. The 1-hour MACD death cross confirms near-term downside momentum. However, the 4-hour MA still maintains a bullish structure, and ADX = 34.9 indicates the medium-term uptrend has not been broken; the current pullback appears to be an adjustment within the trend. Order book data shows a bid-to-ask depth ratio of 2.68, with bids concentrated in the $1,900–1,901 range, which may form short-term support.

Volatility risk remains. Going forward, key things to watch include: whether the upper $1,950–1,960 resistance zone can be broken; how the lower $1,894–1,900 support area performs; the BTC dominance trend; and ETH ETF fund flows. The short-term RSI oversold repair window is already open—watch to see if price can reclaim $1,925.