ETH rises 0.62% in 15 minutes: On-chain capital inflow and DeFi protocol upgrades resonate to amplify the market

On April 13, 2026, from 19:15 to 19:30 (UTC), there was a significant fluctuation in ETH prices, with a return of +0.62% within 15 minutes. The quoted range was from 2228.17 to 2244.91 USDT, with an amplitude of 0.75%. During this period, market trading activity rapidly increased, on-chain capital flows and trading volumes expanded, market attention clearly gathered, and short-term volatility intensified.

The main driver of this fluctuation was a substantial increase in net on-chain capital inflows, with large ETH transfers from centralized exchanges continuously moving into DeFi contracts. Capital inflows grew by 37% to $57.9 million, and the locked-up amount increased by 1.2%, strengthening price support. Meanwhile, at 18:50, a major DeFi protocol announced an upgrade, previewing the upcoming launch of a new ETH liquidity pool, which stimulated institutional and large holder liquidity deployment, boosting buy sentiment and driving short-term price upward.

Additionally, on-chain trading volume increased by 36% compared to the previous period, with frequent large transfers, as funds migrated from centralized exchanges to the chain, indicating coordinated arbitrage actions by institutions and large holders. Network congestion worsened, with average Gas fees soaring from 47 Gwei to 61 Gwei, pending transactions increased by 75% to 2,100, and the difficulty of transaction matching further pushed up volatility. Multiple on-chain data points and ecosystem announcements resonated, collectively amplifying the market movement.

Currently, the volatility mainly depends on capital inflows. If subsequent market outflows or arbitrage activities end, there is a risk of short-term price retracement. It is crucial to monitor the persistence of locked-up amounts, changes in on-chain high Gas fees, and network activity fluctuations, while remaining alert to high-frequency trading congestion and protocol upgrade security risks. Short-term traders should closely track capital flows and market announcements, continuously observe key support and resistance levels, and promptly stay informed about market trends and on-chain data movements.