From 15:30 to 15:45 (UTC) on June 15, 2026, ETH/USDT delivered a +0.75% return within 15 minutes. The price ranged from 1,813.54 to 1,832.78 USDT, with a swing of 1.06%. This move occurred during a market trend in which ETH rebounded intraday from $1,709 to $1,833. The price level was relatively low within the year, showing clear signs of a technical rebound, and market attention heated up significantly.
The main driver behind this move is the ongoing inflow into spot ETH ETFs. In April 2026, spot ETH ETF net inflows totaled $356 million, ending a streak of six straight months of net outflows. The strongest weekly inflow reached $187 million, and cumulative net inflows have reached $12.05 billion, providing sustained structural buy-side support for ETH and becoming the core liquidity source for upside price action.
Second, large-holder addresses continued to accumulate, creating expectations of on-chain supply tightening. In May 2026, addresses holding more than 10,000 ETH bought more than 140,000 ETH within a few days. The accumulated wallet address holdings hit a record high of 26.55 million ETH, up 32% from January 2026. About 30% of circulating ETH was locked via staking. Factors such as the anticipation of the Glamsterdam upgrade, easing geopolitical risks (the expectation of a temporary peace agreement between the US and Iran), and volatility falling to the lowest level since early 2024 converged to amplify this price move.
Current volatility remains at historical lows, and future volatility could intensify. Pay attention to ETH’s performance against resistance in the $2,115–$2,200 range; if it fails to break through, it may retest the $1,743–$1,800 support zone. It is also advisable to monitor daily net inflow data for ETH ETFs and changes in large-holder address positions, and to watch for short-term volatility risks stemming from the official release of the upgrade.