ETH rebounds 0.04% in 15 minutes: technical support triggers dip-buying orders, and market makers’ liquidity management supports short-term stabilization

Between 04:00 and 08:00 (UTC) on June 23, 2026, ETH’s yield rate was +0.04%, with a price range of 1,728.48–1,731.43 USDT and a volatility of 0.17%. Against the backdrop of the prior continuous decline of more than 3%, ETH saw a slight technical rebound, and market attention has warmed up.

The main drivers behind this move are the combined effect of technical support and liquidity balance. ETH’s price touched a key technical support zone ($1,964–$1,977), triggering some dip-buying orders. On-chain data shows that after a large transfer of 33,513.11 ETH at 04:48:23 moved out from what appears to be a hot wallet associated with a leading exchange, it was returned to the original address at 11:10:23 on the same day, forming a typical “out then back” liquidity adjustment pattern—indicating that large holders were not truly selling off but managing liquidity. Market-maker addresses remained active during 06:22–06:23, with cumulative transfers out exceeding 35,000 ETH, providing liquidity support to the market.

In addition, news that Ethlabs was established on June 22 had a mildly positive impact on market sentiment. The organization was founded by former contributors to the Ethereum Foundation and received institutional funding support. However, the record $401.62 million outflow from the May ETH ETF and macro pressure from the Fed’s expected three rate hikes in 2026 limit the upside space for the rebound. Ethereum’s historical average return in June is -6.74%, and seasonal weakness is clearly evident. Long-term holders have not shown panic selling, but overall buying confidence is insufficient.

Current key support sits at $1,964. If it breaks, it could trigger programmed selling, with downside targets pointing to $1,545. Investors should closely monitor on-chain fund flows, ETF fund dynamics, and changes in macro policy, watch for short-term volatility risks, and set reasonable stop-loss protection.