ETH drops 0.49% in 15 minutes: ETF fund outflows and weak technicals coincide

From 01:00 to 01:15 UTC on June 1, 2026, ETH’s return over a 15-minute period reached -0.49%, with a price range of 2004.81 to 2016.75 USDT and a 0.59% amplitude. Short-term volatility noticeably accelerated, and market sentiment came under pressure.

The main drivers behind this move are the compounded effects of continued ETF outflows and technical weakness. In May 2026, net outflows from the ETH ETF totaled $401.62 million, the third-largest monthly net outflow in nearly seven months. On May 28 alone, the single-day outflow was $121.4 million, and net outflows persisted for 10 straight trading days. Meanwhile, the MACD continues to hold a bearish signal, the 4-hour RSI is in a neutral-to-weak range, and technical indicators remain weak.

In addition, a decline in cross-market risk appetite further amplifies volatility. A stronger US dollar and rising Treasury yields have weighed on risk assets. With ETH highly correlated to traditional risk assets, cryptocurrencies have weakened in tandem when US stocks fall. The cost basis and resistance effect also suppresses price action: the $2,059-$2,075 range contains a large amount of historical positions, and when price approaches this zone, holders are triggered to close positions. At the same time, market funds rotate toward competing coins such as Solana and XRP, leading to marginally weaker ETH demand.

There is still volatility risk. It’s important to watch whether ETH can hold the $1,850 key support. On-chain fund flows and changes in ETF fund sentiment will drive the near-term trend. It is recommended to monitor subsequent macro developments and on-chain data for confirmation.