ETH rises 0.62% in 15 minutes: spot funds inflow and network expansion resonance drive price up

From 11:00 to 11:15 (UTC) on April 10, 2026, ETH price fluctuated between 2,197.27 and 2,212.8 USDT, with an amplitude of 0.71%, and a candlestick return of +0.62%. Short-term trading activity increased, market attention rose, showing clear signs of capital flow and structural changes.
The main driver of this anomaly is the continuous inflow of spot funds and net outflows from exchanges. Over the past month, ETH net outflows have remained negative, indicating a large amount of capital leaving trading platforms and moving to personal wallets and on-chain protocols.
Meanwhile, net inflows into ETF products turned positive, recording an addition of 4,481.49 ETH on March 11, 2026, strengthening institutional participation and driving allocation demand.
On-chain trading activity and daily trading volume are at historical highs, coupled with DeFi staking and stablecoin ecosystem activities, reducing circulating ETH supply and creating scarcity effects, which strongly support the price.
Additionally, the activity of large whales in the short term has significantly decreased; on March 11, 71 whale transactions transferred 384,038.61 ETH, a substantial reduction compared to previous levels, effectively easing large-scale selling pressure.
Meanwhile, derivatives market open interest remains high but funding rates are low, indicating moderate leverage behavior, with spot funds dominating price movements.
Options market risk appetite has rebounded, with decreased short-term put demand and improved investor sentiment.
Network expansion and Layer 2 solutions have lowered transaction fees to a historic low of $0.15, continuously attracting on-chain capital inflows and further driving market resonance.
Stable macroeconomic conditions and ETF fund inflows have boosted market confidence, with capital-driven price recovery.
Current short-term ETH volatility risk warning:
While the decline in whale activity reduces selling pressure, attention should be paid to the impact of subsequent large position changes;
If ETF fund flows reverse, it could intensify price fluctuations;
Risks related to network upgrades and expansion technologies should be continuously monitored.
It is recommended to focus on support levels, on-chain fund flows, and ETF net inflow changes to stay updated on market developments.