ETH short-term increase reaches +0.65%: Spot buying interest concentrated and supply-demand imbalance driving prices higher

From 14:30 to 14:45 (UTC) on 2026-04-13, the ETH price saw clear fluctuations. The K线 data showed that the 15-minute return was +0.65%, the trading range was 2210.74 to 2227.48 USDT, and the amplitude was 0.76%. Trading volume increased during this period, market attention rose, short-term volatility intensified, and investors were drawn to pay attention.

The main driving force behind this unusual move was concentrated active buying in the spot market. Buy orders accounted for more than 52% of the total transaction volume, representing a clear increase compared with the historical average. Multiple batches of medium-sized buy orders (500–1000 ETH) appeared densely within a short time, bringing the total trading volume to about 5.4K ETH and pushing the price upward steadily. Order book data showed increased density of buy orders and decreased sell-side depth, creating a temporary imbalance between supply and demand, and resulting in a passive rise in price.

In addition, a more relaxed on-chain environment resonated with the market, amplifying the effect. ETH mainnet Gas fees dropped sharply to 0 Gwei, on-chain congestion was low, and the cost of funds allocation was reduced. Although no large on-chain fund movements were seen during this period, inflows into the spot market together with changes in order book structure further amplified volatility. Meanwhile, there were no major external positive or negative events recently, and futures open interest changes were moderate, ruling out extreme leverage liquidations or whale one-off order shocks. Building positions in batches across multiple accounts and algorithmic trading strategies also enhanced market initiative.

Short-term volatility risk should be watched, especially if buy concentration falls and on-chain liquidity changes. In the future, attention should be paid to the continued nature of trading volume, the buy-sell ratio, the distribution of large orders in the order book, signals of a rebound in Gas fees, and on-chain fund allocation signals. External events or subsequent fund movements by foundations may also affect market sentiment. Investors are advised to continuously track key market indicators, guard against the risk of short-term pullbacks, and promptly stay on top of the latest market developments.