ETH dips slightly by 0.24% over 15 minutes: Robinhood Chain’s selection of a Gas token remains a positive catalyst as momentum builds, with short-term rebounds boosted by liquidation of shorts

Between 01:00 and 02:00 UTC on July 13, 2026, ETH fluctuated within the $1,815.2 to $1,829.85 USDT range, with an amplitude of 0.80% and a return rate of -0.24%. It showed a short-term pullback but overall maintained a bullish, range-bound pattern.

The main driver behind this move is sustained fundamental optimism as Robinhood Chain adopts ETH as a native Gas token. Fundstrat managing partner Tom Lee publicly commented that this choice further strengthens ETH’s position as an “on-chain currency,” reinforcing market confidence in the long-term demand thesis for ETH. Meanwhile, the Binance futures market triggered liquidation of short positions at $1,824, with a liquidation size of $213.5K. The short-stop-loss cascade provided additional momentum to the upside.

Second, Polymarket announced the introduction of a TWAP settlement mechanism to the short-term crypto market, aiming to reduce price manipulation. While it has no direct link to ETH, it indirectly boosts expectations for overall market fairness. However, a severely imbalanced order book depth limited near-term upside. The bid-to-ask depth ratio was only 0.32. At $1,831.66, there is a large sell wall of 4.18 ETH, accounting for 43.2% of the total volume in the top 5 levels, with sell-side pressure remaining significant. In addition, on-chain active addresses dropped to about 420,000 (down approximately 46%), and weakening participation on-chain is an emerging near-term concern.

Current resistance is centered around the $1,840 level. If a breakout occurs with increased volume, the bullish trend may continue. Support levels to watch include the $1,800 psychological level and $1,718 (20-day EMA). Be cautious: if the price pulls back on reduced volume below $1,800, it may retest the $1,718 support. Whether on-chain active addresses can stabilize and rebound, whether the sell wall in the order book can be absorbed, and whether volume can support the breakout will become key indicators to monitor next. Consider focusing on ETH ETF fund flows and changes in the Layer-2 ecosystem.