ETH 15-minute short-term rally up 1.50%: a rebound driven by short liquidations around key technical levels combined with whale accumulation

From 03:00 to 03:15 (UTC) on June 4, 2026, ETH surged rapidly within 15 minutes, with a return of +1.50%. The price range was 1766.69 to 1797.14 USDT, with a volatility of 1.72%. Short-term volatility noticeably intensified, and market attention rose quickly.

The main driver behind this move was short liquidations and stop-loss triggers near key technical levels. ETH continued its downtrend in early June, with price approaching the $1,800-$1,850 range, where a large cost basis cluster has historically formed. When the price briefly broke below a key technical level, programmed sell orders were triggered. During the fast rebound, overlapping short stop-losses and the entry of short-term long buyers created a positive feedback loop, pushing the price higher by +1.50% in the short term.

Second, potential accumulation by whale addresses provided spot-market buy-side support for the rebound. Based on on-chain data, large holding addresses accumulated more than 140,000 ETH in three days in May, worth about $322 million. From the end of May to early June, ETH fell from above $2,000 to around $1,800, a drop of more than 10%, triggering a strategy for large holders to buy on dips. Reduced spot supply further helped boost the price. At the same time, the futures funding rate retreated from its high level, forcing high-leverage long positions to be liquidated; deleveraging cleared room for the price to rebound. Although ETF flows overall are trending out, there may be marginal inflow improvements in early June, which could support market sentiment.

Current volatility risks still need to be watched. ETH must effectively hold above $1,964 to confirm the rebound’s staying power. June has historically been ETH’s weakest month; over the past 10 years, 7 years ended with declines. If key technical levels are lost, the downtrend could extend to $1,545. In terms of trading, strict stop-loss levels should be set, while monitoring the validity of support levels and on-chain fund flows, and approaching this rebound cautiously.