2026-04-14 14:30 to 14:45 (UTC), the ETH price had a return of -0.87% within 15 minutes. The quoted range fell from 2415.04 USDT to 2366.89 USDT, with a amplitude of 2.01%. During this period, market attention increased, short-term volatility noticeably intensified, and investors showed some caution about the subsequent direction.

The main driving force behind this abnormal move was that after the previous trading day’s ETH surged by 8.1%, technical indicators continued to show overbought conditions, prompting short-term longs to choose profit-taking. In the backdrop of no significant outflow of funds, the pullback pressure under high-level consolidation was released. The decline represents a typical manifestation of technical adjustment at elevated levels, and the key support range was not effectively broken.

In addition, on-chain data shows that on the day, both institutional/primary funds and retail funds still maintained net inflows (+48.29 million USD and +328 million USD respectively), while the positions structure remained stable, with no large transfers or significant concentrated movements by whale funds. In the short term, there were no signals of big holders dumping or panic liquidations. On a macro level, although the broader environment was impacted by geopolitical news from the Middle East, market sentiment overall remained neutral-to-positive. Within this abnormal move window, there was no new unexpected negative catalyst that resonated. Therefore, this abnormal move was amplified by multiple factors in combination, but its core still points to prior profit-taking and normal market consolidation.

At present, ETH is in a high-level consolidation phase, with increased short-term volatility risk. It is necessary to continuously monitor the support performance around the 2,350 USD level. It is recommended to watch for the subsequent net flow direction of institutional/primary funds, large on-chain transfers, and changes in macro news. If you observe that fund inflows slow down or turn into net outflows, you need to be vigilant about the risk of further adjustments. For more analyses of this abnormal move and real-time data, please closely follow the subsequent market updates.

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