ETH rises 1.27% in 15 minutes: trading volume surges and capital flow balance resonates to drive price movement

From 13:30 to 13:45 (UTC) on March 28, 2026, the price of ETH fluctuated between 2002.78 and 2043.89 USDT, with a 15-minute yield of +1.27% and an amplitude of 2.05%. During this period, trading volume surged from 42,000 ETH to 54,000 ETH, an increase of 28.6%. Coupled with K-line fluctuations, market attention significantly increased, and short-term sentiment rapidly heated up.

The main driver of this anomaly was the significant increase in trading volume, which triggered a concentrated release of buying power. The on-chain fund flow on exchanges remained extremely balanced, with a net inflow of only 0.28 million USD for ETH during the 13:30-13:45 period, indicating that the market maintained a sensitive state amid the tug-of-war between bulls and bears. The long and short position ratio was close to 49.66% to 50.34%, and this balance of power provided ample momentum for price fluctuations, with funds being highly sensitive to sudden changes in trading volume, quickly capturing opportunities for price changes.

In addition, the historical behavior of whales, combined with the futures leverage structure, created a resonance effect. Although major whale transfers did not occur during this period, the structural selling pressure accumulated from concentrated whale selling over the past year still exists; coupled with the simultaneous inflow of ETF funds and the liquidation of leveraged long positions, this reflects a divergence between institutions continuing to increase allocations and retail investors reducing leverage, resulting in continuous amplification of market volatility. Meanwhile, under the influence of the Federal Reserve FOMC meeting, adjustments in the global liquidity environment have simultaneously enhanced the flow and volatility of ETH funds, further raising market sensitivity to macro liquidity policy expectations.

Under the current anomaly, ETH is highly dependent on changes in trading volume and the balance of on-chain fund flows, which lowers the critical point for triggering further price fluctuations. Moving forward, it is essential to focus on real-time large transfers, the clearing situation in the futures market, ETF fund inflows, and changes in macro liquidity. The coexistence of market divergence and structural selling pressure risks requires short-term investors to remain vigilant against sudden fluctuations caused by price reversals and amplified liquidations, continuously monitoring market news for the latest updates.