ETH rose 0.71% in 15 minutes: BTC rebound linkage and ETF fund shift resonance

On July 4, 2026, 15:00-15:15 UTC, ETH rose 0.71% in a 15-minute window, with a price range of 1772.24-1799.0 USDT and an amplitude of 1.51%. Against a backdrop of extremely pessimistic market sentiment (Fear & Greed index 21), ETH saw a short-term rebound, with market attention significantly heating up.

The main drivers of this unusual move were the spillover effect from Bitcoin's rebound and a short-term shift in Ethereum ETF fund flows. On July 2, Bitcoin ETFs recorded a net inflow of $223.5 million, pushing the price above $62,000, which triggered a recovery in risk appetite across the crypto market. ETH, as the second-largest crypto asset by market cap, directly benefited from the spillover effect. Meanwhile, Ethereum ETFs recorded a net inflow of $29 million on July 4, ending a previous continuous outflow trend, providing direct price support.

Furthermore, technical support confirmation and altcoin rotation effects further amplified the gains. The key support level of $1,750 held effective during the day, attracting dip buyers and forming a price bottom. The large holders' accumulated position of 26.55 million ETH provided support during the price rebound. Meanwhile, altcoin rotation capital from Cardano (up 8.67%) and Zcash (up 6.59%) flowed into ETH. At the macro level, the clarification of the EU MiCA regulatory framework and the shift in the Federal Reserve's easing expectations also favored high-beta asset performance.

On the risk warning side, the 30-day cumulative net ETF outflow still reached $795.3 million, and the fundamental liquidity conditions have not fundamentally improved. It is necessary to closely monitor the persistence of ETF fund flows, the stability of the $1,750 support level, and the linkage effect with Bitcoin's trend, and be cautious of short-term volatility risks.