ETH 15-minute short-term rebound up 0.48%: After the earlier rally pulled back, a technical bounce emerged, with bids providing support.

From 12:45 to 13:00 (UTC) on July 28, 2026, ETH/USDT saw a short-term rebound of 0.48% within 15 minutes. The price rose from 1,881.96 USDT to 1,893.22 USDT, with a swing of 0.60%. In the prior 24 hours, ETH fell from a high of 1,977.62 USDT by about 3.38% to around 1,890, and was generally in a pullback correction phase following the earlier uptrend.

The main driver behind this move is a combination of technical rebound demand and support from the order book structure. After the earlier streak of consecutive gains, there were no further positive catalysts; profit-taking led to downward pressure on the price. However, once the pullback pushed below $1,890, ETH showed clear bid follow-through. Order book data shows a bid-to-ask depth ratio of 7.76, with total bid amount of 10.84 units versus total ask amount of 1.40 units. A large buy wall formed at $1,890.82 (4.99 units, accounting for 46% of the top five levels), indicating strong support at this price.

In addition, the DXY hit a one-month high, and rising expectations of Fed rate hikes weighed on risk assets, creating macro-level pullback pressure. News that Bitmine Immersion added nearly 10,000 ETH (about $19.4 million) provided some boost to market sentiment, but the Relevance Score was below 0.5 across the board, so attribution confidence is limited. The current price is undergoing a normal pullback within a daily timeframe uptrend; low trading volume suggests this volatility was more of a technical adjustment under low participation, with relatively muted community discussion (only 13 mentions).

In the short term, watch support at $1,866 (24-hour low). If it breaks, it may trigger further pullback; if the price rebounds with an increase in trading volume, it could confirm the support and extend the medium-term uptrend.