From 22:00 to 22:15 (UTC) on 2026-04-13, the ETH price experienced a significant move, with a 1.55% gain within 15 minutes. The price range was 2259.94 to 2304.41 USDT, with a 1.97% amplitude. This move was accompanied by a notable rise in trading volume; buy orders accounted for 54%, market attention increased, volatility was stronger than the average daily range over the past month, and short-term trading activity increased significantly.
The main drivers behind this move were strong net inflows of ETF capital and continued accumulation by institutional funds. Since the beginning of April, ETH ETF daily net inflows have remained at a consistently high level. On April 7, they reached 120 million US dollars. Today, institutional buy orders continued, propelling capital inflows into the spot market and providing strong price support. In addition, during the 22:00–22:15 period, the spot market saw concentrated execution of large buy orders; the buy volume reached 7,600 ETH. Aggressive buying dominated, circulating supply was rapidly absorbed, and the K線 rose quickly.
Meanwhile, between 2026 Q1 and Q2, whale wallets cumulatively increased their holdings by more than 120,000 ETH, and their share of total holdings rose to 70%. On-chain data for the day showed that large wallets transferred assets to cold wallets, further reducing circulating supply, while order book depth broke upward. In the derivatives market, the increase in long opening positions occurred in parallel; futures open interest rose, and long-side funding rates moved higher. Spot and derivatives markets formed a combined force pushing the move. In addition, heightened expectations for Fed rate cuts and increased inflows of global risk-hedging capital strengthened risk appetite in the market. ETH also benefited from the Fusaka upgrade, which led to a sharp drop in L2 costs and an increase in activity. Multiple factors converged and fueled this short-term rally.
Under the current trend, risks of tighter short-term liquidity should be closely watched. If subsequent capital inflows weaken, or large holders release phased selling pressure, the price may face pullback risk. Key indicators include the dynamic exchange ETH balance, the continued consistency of ETF net inflows, and whale wallet behavior. Changes in macro policy and fluctuations in market sentiment also need to be kept under close watch. Follow more real-time market updates to guard against sharp short-term volatility.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Vitalik Buterin's Portfolio Heavily Weighted to Ethereum, Holds $517M in ETH and Diversified Altcoin Positions
The piece outlines Vitalik Buterin's crypto holdings, showing he holds the majority in ETH (about 224,144 ETH valued around $517 million) with limited diversification into a few altcoins.
Vitalik Buterin's asset mix is ETH-heavy (224,144 ETH ~$517M); minor altcoins exist, but many were sent to him without his conscious investment.
GateNews8m ago
Gensyn Launches Delphi, AI-Settled Information Market Platform
Gate News message, April 22 — Gensyn, a decentralized AI infrastructure network backed by a16z crypto, launched its flagship product Delphi, an AI-settled information market platform that allows anyone to create markets and earn fees based on trading volume.
Market creators pre-select fixed-weight
GateNews51m ago
ETH Liquidation Cascade: $1.51B in Long Positions at Risk Below $2,273
Coinglass data show ETH price thresholds: a drop below $2,273 could trigger $1.512 billion in long liquidations, while a rise above $2,505 could trigger $674 million in short liquidations.
This note outlines potential Ethereum liquidation scenarios tied to price thresholds. A drop below $2,273 could trigger $1.512 billion in long liquidations, while a rise above $2,505 could trigger $674 million in short liquidations, per Coinglass.
GateNews1h ago
Vitalik: Layer 2s Should Focus on Applications Lacking on Ethereum Mainnet
Gate News message, April 22 — Vitalik Buterin stated during a discussion with Xiao Feng that applications need to consider what Ethereum mainnet lacks. Layer 2 solutions should focus on applications that are not already available on the mainnet, rather than duplicating existing functionality.
Buter
GateNews1h ago
Ethereum Liquid Supply Hits 2024 Low on Binance
Abstract: CryptoQuant reports a notable contraction in Ethereum's liquid supply on Binance, with liquid ETH dropping to about 534,000 from a total reserve of 3.44 million. The trend, termed liquidity dryup, could reduce near-term selling pressure and provide price support if demand improves.
Summary: CryptoQuant notes Binance's ETH liquid supply fell to ~534k of 3.44M total, signaling a liquidity dryup that could ease selling pressure and support prices if demand strengthens.
CryptoFrontier1h ago
Vitalik: Post-Quantum Cryptography Solutions Are Mature; Ethereum Aims to Resist Both Quantum and AI Threats
Gate News message, April 22 — Vitalik Buterin stated in a dialogue with Xiao Feng that mature post-quantum cryptography solutions already exist, expressing a preference for the GeoHash algorithm. He noted that Ethereum's vision extends beyond merely becoming a post-quantum chain—the network also
GateNews1h ago
