ETH rises 0.65% in 15 minutes: ETF capital inflows accelerate and on-chain activity resonates to drive the surge

From 15:00 to 15:15 (UTC) on 2026-04-16, ETH’s return rate increased by +0.65% within 15 minutes; the price range was 2308.58-2330.16 USDT, with an amplitude of 0.93%. The short-term rise in price boosted market attention, volatility increased noticeably, and investors focused on key indicators such as capital inflows and network activity.

The main driving force behind this unusual move is that net inflows of ETF-related products hit a new high for 2026. Weekly capital inflows reached $187 million, directly strengthening bullish buy orders. In addition, from April 10 to April 16, on-chain daily transaction volume rose significantly to about 3.6 million transactions, providing structural support for the upward price trend. Meanwhile, within a week, the number of wallets holding 100,000 ETH or more increased by 5.5%, reflecting heightened buying enthusiasm for ETH among large holders and institutions. Futures open interest also surged by 21% during the unusual move, indicating a clear effect of short-term leverage adding.

In addition, ETH on-chain activity has continued to rise. The total number of non-zero wallets surpassed 182 million; DeFi total value locked exceeded $100 billion; and the stablecoin transfer share reached 35-40%. The technical upgrades related to the Fusaka fork and Layer-2 scaling implemented at the beginning of 2026 significantly reduced the average Gas fees to $0.15, bringing transaction costs to the lowest level in recent years and attracting more new users and cross-chain capital. At the same time, BTC ETF saw a capital outflow trend during the same period. Funds shifted from BTC to ETH among major cryptocurrencies, supporting marginal demand for ETH. Since the beginning of the year, the change in capital flow structure has brought multiple factors to resonate and amplify this round of unusual move.

It is worth noting that after a surge in futures positions in the short term, some profits were taken, and open interest fell back by 6%, suggesting that the market is somewhat cautious about chasing higher prices. Users should monitor the flows of ETF-related and large on-chain funds, futures open interest, and changes in high-frequency wallet holdings, and closely observe whether support around the 2300 USDT integer level and on-chain capital activity can be maintained. If capital inflows slow down or market sentiment shifts, short-term volatility risks still need to be kept in mind. Follow real-time market news and information to grasp the latest developments in the market.