ETH plunges 1.13% in 15 minutes: ETF continued net outflows combined with macro risk-hedging sentiment trigger short-term selloff

From 23:15 to 23:30 UTC on June 5, 2026, ETH fell 1.13% within 15 minutes, with a price range of 1570.31 to 1592.83 USDT and a swing of 1.41%. During this period, it was the liquidity contraction phase after the close of the US stock market, and the decline was a continuation of the day’s overall downtrend (-11.13%), with the market sentiment in extreme panic.

The main driver behind this unusual move is continued outflows of institutional capital. US spot ETH ETFs have recorded net outflows for 17 consecutive trading days; on June 3 alone, net outflows reached $52.91 million. As of June 1, cumulative net outflows over the prior 14 days have exceeded $708 million. Institutional investors remain cautious about ETH’s medium-to-short-term outlook, and ETF fund flows—an indicator of institutional sentiment—have continued to weigh on market prices.

Meanwhile, worsening macro conditions have intensified selling pressure. Escalating US-China trade tensions, rising US Treasury yields, and intensifying Middle East geopolitical conflicts have led to a synchronized pullback in global risk assets. The ETH/BTC ratio has continued to weaken, with market capitalization share falling to about 9.7%, reflecting that market funds favor Bitcoin over Ethereum. On-chain data shows that during the pullback, large holders transferred ETH back to exchanges to sell, and some whales that carried out the “sell high, buy low” strategy in April further amplified near-term sell pressure.

On the risk front, RSI is at an extreme oversold level of 21, so a rebound is possible technically. However, if ETF outflows persist, ETH may further test the $1,500 key support level. Polymarket’s predictions show traders assign a 71% probability that ETH will fall to $1,500, up 25 percentage points from mid-May. Investors should watch ETF fund flow trends, macro news developments, and the validity of the $1,500 support level, and be alert to the risk of further short-term volatility.