During the period from 15:30 to 15:45 (UTC) on 2026-04-14, the ETH price ranged from 2340.75 to 2367.0 USDT. The return within 15 minutes reached +1.06%, with a swing of 1.12%. Market volatility intensified, and on-chain plus social attention warmed up in tandem. Short-term trading activity rose significantly, and investor sentiment shifted toward optimism.
The main driving force behind this unusual move was the direct impact of international political events on market risk appetite. The U.S. announced a blockade of the Hormuz Strait in the Middle East related to the White House, creating a contrast with peace signals reported from Iran. This sparked global safe-haven capital inflows into mainstream crypto assets, and ETH—being a core asset—attracted funds for short-term trading. In addition, on-chain transaction volume and activity surged in the short term. The number of trades during the unusual-move window was about 49,000, a clear increase versus the prior range. The average Gas fee rose from 32 Gwei to 36 Gwei, indicating worsening network congestion.
Meanwhile, structural capital flows and ecosystem factors amplified this unusual move. The trading platform saw net outflows of about 800 ETH. On-chain inflows into DeFi and stablecoin protocol ecosystems were amplified, and major on-chain protocols received multiple large transfers (per transfer >5,000 ETH). On the technical side, ETH broke through a local resistance level, and trading volume expanded in sync, while on-chain whales continued to add to positions. After the Glamsterdam upgrade was completed on the ETH mainnet in the first half of 2026, on-chain applications and active addresses hit a three-year high, providing medium- to long-term support for the coin price. Institutional accumulation and reduced exchange liquidity further strengthened price resilience. With multiple factors converging, short-term gains were amplified.
Please note that short-term volatility comes with the risk of a pullback. If on-chain capital inflows slow down, international conditions shift, or the price fails to hold above the key resistance level (2,240 dollars), downside pressure may emerge. In addition, it is necessary to monitor changes in exchange ETH balances, shifts in on-chain active wallets, and the development of subsequent macro news. Users should be alert to the risks brought by sharp volatility and closely track price performance and the movements of large on-chain funds. For more market updates, please stay tuned.
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