ETH 15-minute increase of 1.55%: driven by net inflows into ETFs and concentrated spot-buy orders, lifting the short-term price

From 22:00 to 22:15 (UTC) on 2026-04-13, the ETH price experienced a significant move, with a 1.55% gain within 15 minutes. The price range was 2259.94 to 2304.41 USDT, with a 1.97% amplitude. This move was accompanied by a notable rise in trading volume; buy orders accounted for 54%, market attention increased, volatility was stronger than the average daily range over the past month, and short-term trading activity increased significantly.

The main drivers behind this move were strong net inflows of ETF capital and continued accumulation by institutional funds. Since the beginning of April, ETH ETF daily net inflows have remained at a consistently high level. On April 7, they reached 120 million US dollars. Today, institutional buy orders continued, propelling capital inflows into the spot market and providing strong price support. In addition, during the 22:00–22:15 period, the spot market saw concentrated execution of large buy orders; the buy volume reached 7,600 ETH. Aggressive buying dominated, circulating supply was rapidly absorbed, and the K線 rose quickly.

Meanwhile, between 2026 Q1 and Q2, whale wallets cumulatively increased their holdings by more than 120,000 ETH, and their share of total holdings rose to 70%. On-chain data for the day showed that large wallets transferred assets to cold wallets, further reducing circulating supply, while order book depth broke upward. In the derivatives market, the increase in long opening positions occurred in parallel; futures open interest rose, and long-side funding rates moved higher. Spot and derivatives markets formed a combined force pushing the move. In addition, heightened expectations for Fed rate cuts and increased inflows of global risk-hedging capital strengthened risk appetite in the market. ETH also benefited from the Fusaka upgrade, which led to a sharp drop in L2 costs and an increase in activity. Multiple factors converged and fueled this short-term rally.

Under the current trend, risks of tighter short-term liquidity should be closely watched. If subsequent capital inflows weaken, or large holders release phased selling pressure, the price may face pullback risk. Key indicators include the dynamic exchange ETH balance, the continued consistency of ETF net inflows, and whale wallet behavior. Changes in macro policy and fluctuations in market sentiment also need to be kept under close watch. Follow more real-time market updates to guard against sharp short-term volatility.