ETH rises 0.62% in 15 minutes: increased on-chain activity and retail investor entry drive a slight short-term rebound

May 24, 2026, 23:30 to 23:45 (UTC), ETH increased by 0.62% within 15 minutes, with the price ranging from 2093.08 to 2106.83 USDT, a volatility of 0.66%, showing a slight rebound in the short term, and market attention has warmed.

The main driver of this movement is the sustained high level of on-chain trading activity. Data shows that the daily trading volume on the ETH network remains at a historic high, with spot trading volume around $1.4 billion in 24 hours, futures trading volume approximately $29.6 billion, active addresses and new wallet numbers have been continuously rising since early 2026, indicating user base expansion rather than dominance by a single large holder, providing underlying support for the price.

Secondly, the funding landscape shows structural adjustments between institutions and retail investors. Spot ETF outflows have continued slightly since May, CME futures holdings have declined since April, some institutional funds have exited in the short term, but this has not triggered panic selling in the spot market; instead, it has provided more liquidity for retail investors. The long-short ratio remains stable around 1.2, futures holdings are about $30.8 billion, funding rates stay neutral to slightly positive, leverage risk is overall controllable, and buying pressure slightly favors the upside, pushing prices slightly higher.

Additionally, on-chain fees remain low at $0.05–$0.20, with no network congestion, and active trading under healthy operation conditions suggests sustainability.

Attention should be paid to the ongoing risks of ETF and institutional fund outflows, the potential forced liquidation caused by imbalance in derivatives long-short ratios, and the macro market volatility's impact on crypto capital flows. Short-term operations should closely monitor on-chain fund flows and the support level around 2100 USDT.