ETH sube 0,64% en 15 minutos: la afluencia neta de fondos a los ETF y la compra de spot en la cadena se combinan para impulsar el mercado

2026-04-01 05:15 to 2026-04-01 05:30（UTC），ETH quickly surged in the range of 2112.76 to 2136.0 USDT, with the 15-minute return reaching +0.64% and the amplitude at 1.10%. Market attention is clearly rising; on-chain transaction activity has refreshed a recent high, and volatility has increased in the short term.

The main driving force behind this unusual move is the large net inflow of ETF capital. On the early morning of April 1, the net inflow of ETH-related ETFs reached as high as 174 million USD in a single day, driving institutions and off-chain funds to buy ETH in sync through the spot market, directly pushing net on-chain fund inflows. Spot buy pressure dominates the short-term trend. ETF and spot prices are highly positively correlated, and historically, fund inflows often occur before price reacts.

Secondly, protocol upgrades and ongoing Layer2 scaling continue to bring mainnet Gas fees down to historical lows, improving on-chain liquidity for ETH. Combined with a significant increase in trading volume across DeFi and stablecoin ecosystems, they jointly raise on-chain activity and demand for capital. At the same time, net selling by long-term holders declined by 78%, releasing short-term liquidity and providing chips for ETF buying. The above multiple factors resonate together, further amplifying ETH’s upward price momentum.

Note that short-term price risk still exists: after long-term holders reduce their positions, if selling pressure concentrates or ETF hot money flows out, the spot order book may see a high-volatility pullback. Key technical indicators such as the 20/50-period moving averages and RSI should be continuously monitored. Going forward, focus should be placed on tracking on-chain fund flows, ETF flows, market positioning, and actions of major players. Keep an eye on real-time market conditions and guard against the risk of sudden volatility.