ETH drops sharply in 15 minutes by 0.58%: key resistance selling pressure is released and the technical picture is under pressure

From 17:00 to 17:15 (UTC) on June 15, 2026, ETH fell 0.58% within 15 minutes. The trading range was 1826.66 to 1842.75 USDT, with a 0.87% amplitude. The market showed clear pressure in short-term fluctuations, with rising wait-and-see sentiment.

The main driver behind this deviation was sell pressure being released at a key resistance level. ETH attempted to break through the $2,115-$2,117 resistance zone that day but failed to form an effective breakout. The MACD histogram continued to contract, indicating sell pressure rather than the buildup of buy-side momentum. Short-term traders chose to close positions or open shorts near the resistance level, causing the price to drop rapidly.

Second, tight liquidity amplified the magnitude of the move. About 30% of circulating ETH has been structurally removed from supply via staking, while L2 networks such as Base, Arbitrum, and Optimism continue to siphon liquidity from the mainnet. This leaves limited market depth, so large orders can trigger significant price volatility. In addition, the Ethereum Foundation’s action of selling 5,000 ETH via CoWSwap to raise operating funds further intensified market concerns. Pushing the Glamsterdam upgrade window from June to Q3 is more realistic, and combined with institutional capital adopting a wait-and-see stance, the market lacks ongoing upside catalysts.

For the short term, watch the support level near $1,826; if it breaks, the price may move into lower ranges. Resistance above sits at $1,842 and the $2,115-$2,400 zone. RSI is currently in the 36 oversold area, but rebound momentum is insufficient. It’s recommended to monitor upgrade progress and on-chain fund flows, and stay alert to the correlation risks caused by the market’s high-beta characteristics.