2026-04-09 18:17:56
ETH 15-minute drop of 0.69%: Price pressure from declining burn volume and short-term capital arbitrage
2026-04-09 18:00 to 2026-04-09 18:15 (UTC), ETH closed down 0.69% within a 0.88% intraday trading range, with the price fluctuating between 2203.91 and 2223.58 USDT. Trading volume in this range rose slightly, market attention stayed high, but short-term volatility increased, prompting investor caution.
The main drivers behind this unusual move are that ETH on-chain Gas fees have fallen to historical lows, causing the EIP-1559 burn amount to decline. As a result, the net-supply contraction effect weakened, and the supply-demand structure faced adjustment pressure in the short term. Meanwhile,