ETH 15-minute pullback: down 0.48%. After regulatory expectations improved, short-term pressure has increased. Sell orders are dominant, limiting upside for the rebound.

Between 17:15 and 17:30 UTC on July 22, 2026, ETH saw a short-term pullback, with a Return % of -0.48%. The price range was 1934.91–1946.37 USDT, with an Ampl of 0.59%. Earlier, during the 13:00 UTC window, ETH had recorded a Rise % of 1.19% and touched $1939.99, but as BTC pulled back, ETH fell in tandem. Over the past 24 hours overall, it was still down slightly by 0.46%, and the market showed a choppy pattern of rising then retracing.

The main driver behind this move was U.S. Treasury Secretary Scott Bessent’s optimistic remarks on the progress of the “Clarity Act” crypto regulatory legislation. In the short term, this boosted overall market risk appetite: BTC jumped by about 2.5%, while ETH moved up in sync by 0.82%–1.19%. This was a coordinated行情 driven by improved regulatory expectations, rather than ETH’s independent fundamentals.

From a price-and-volume validation perspective, the Filled Amount during this period was 9,424 ETH, which is within normal levels. There was no breakout on increased volume, indicating that this upswing was more of a technical, BTC-driven rebound. Order Book depth shows a bid/ask ratio of 0.48, with asks leading. At $1929.3, there is a 4.52-quantity sell wall, accounting for 47.4% of the top 5 levels. The Order Book is extremely thin, and liquidity is limited, making price easily impacted by relatively small amounts of capital. Technically, both the 4h and daily moving averages point upward, but ADX has not exceeded 30, suggesting insufficient trend strength. The 1h moving averages point down, so short-term pullback pressure remains.

Current volatility risk is elevated. Monitor whether BTC can successfully break through resistance and continue to drive ETH’s coordinated upside, while also tracking the timeline for further progress following the “Clarity Act” legislation. Key support to watch is the $1910–$1917 area; resistance is around $1942–$1955. Changes in Order Book depth, on-chain fund flows, and regulatory developments should be continuously monitored.