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ETH plunges 1.32% in 15 minutes: consecutive ETF outflows and the $1,600 support break trigger selling pressure
During the period from 12:30 to 12:45 UTC on June 26, 2026, ETH plunged 1.32% within 15 minutes, with the price dropping from 1560.57 USDT to 1527.72 USDT, a swing of 2.12%. This period falls at the junction of Asian and European/American trading sessions, where liquidity is relatively thin, and sell orders of the same size have a greater impact on price. Market attention has significantly increased, and volatility has intensified.
The main driving force behind this unusual movement is the continuous withdrawal of institutional funds from ETH spot ETFs. According to data, on June 24, U.S. spot Ethereum ETFs saw net outflows of $30.3 million, marking the fifth consecutive trading day of net outflows, with Fidelity FETH experiencing net outflows of $15.7M and BlackRock ETHA net outflows of $8.1M. The cumulative outflow over five days is significant, creating direct selling pressure on the market.
In addition, technical factors amplified the decline. The price broke below the key psychological integer level of $1,600, which had been an effective support level since June. The breakdown triggered programmatic stop-loss orders and quantitative strategy liquidations. Meanwhile, the macroeconomic environment is weakening, with inflation data consistently exceeding expectations limiting the Federal Reserve's room for rate cuts, and high energy prices exacerbating pressure on risk assets. The Fear and Greed Index has dropped to 12, indicating extreme fear. Whale activity has recently decreased by 90%, with large transactions falling to a multi-month low. Multiple factors have converged to intensify short-term selling.
The current price is approaching the June low of $1,450. If the daily close falls below $1,530, it may accelerate the decline. Close attention should be paid to ETF fund flows, the fate of the $1,530 support level, and macroeconomic policy dynamics. Short-term volatility risk remains relatively high.