ETH rebounds 0.95% in 15 minutes: technical correction and a shift in bullish and bearish forces drive a short-term recovery

From 2026-06-03 05:00 to 05:15 UTC, ETH/USDT surged from 1,850.02 USDT to 1,873.33 USDT within 15 minutes, delivering a positive return of +0.95% and a swing of 1.26%. This rebound occurred after the prior day’s sharp drop of 7.32% (June 2), with market sentiment still in a recovery phase and volatility noticeably larger than before.

The main drivers behind this short-term spike are technical repair needs. On June 2, ETH’s price plunged rapidly from around $2,010 to $1,860, a decline of more than 7%. The price reached the key support area near the daily Bollinger Band lower track at around $1,936, leaving room for a technical rebound. Meanwhile, the futures market saw a temporary shift in long/short power—data shows long liquidations totaled $50.63 million, while short liquidations were only $10.96 million, a ratio of about 4.6:1. Long positions were more thoroughly flushed out, and short-term profit-taking triggered the price rebound.

In addition, multiple structural factors converged to provide support from below. On-chain data shows that ETH exchange balances have fallen to a seven-year low, meaning immediate sellable supply is limited; at the same time, about 29% of ETH’s circulating supply is locked in staking contracts, and reduced circulating supply lowers selling pressure. On the institutional side, spot ETH ETFs continue to record inflows, and the scale of institutional participation in staking is also increasing; allocation demand provides long-term support for prices.

As for risk warnings, the current MACD shows a dead cross with the histogram’s negative momentum amplified, and the RSI is in an overbought zone at 76.54, creating a risk of a top divergence. The medium-term trend remains weak: historically, June has been one of ETH’s weaker months (among the past 10 years, 7 years closed down). The monthly CRT range’s low is at $1,750. For short-term trading, watch the performance around key support levels and set up stop-loss protection.