Ethereum approaches $2000, challenging BitMine Treasury: unrealized losses exceed $7 billion, Tom Lee remains steadfast in his belief

ETH drops 0.56% in 15 minutes: Institutions’ ETF in-and-out flows and tightened on-chain liquidity dominate the market

From 17:45 to 18:00 (UTC) on 2026-04-19, the ETH price recorded a return of -0.56% within 15 minutes, closing in the 2294.03 - 2311.0 USDT range, with an amplitude of 0.73%. Heightened market volatility triggered increased short-term trading activity and boosted attention, while overall liquidity performance tightened. The main driving force behind this unusual move is institutions’ short-term in-and-out flows of ETF funds and a lull in on-chain stablecoin activity. In early April, after the ETH spot ETF recorded a net inflow of $120.24 million over a short period, it quickly reversed to a net outflow of $64.61 million, indicating that institutional capital became more short-term and there was no signal of sustained accumulation. Meanwhile, on-chain USDT and USDC activity fell in tandem to an annual low; ETH’s short-term buying power was clearly insufficient, putting pressure on liquidity. In addition, high-win-rate whales have been frequently shorting ETH and BTC since April 14, with related position sizes exceeding $25 million, further intensifying downward pressure in the short term. On the macro front, the Federal Reserve maintains high interest rates, the U.S. dollar remains strong, risk appetite has shifted to cautious, and some funds have flowed into traditional assets such as U.S. stocks. On-chain data shows that exchange reserves for ETH have fallen to the lowest level in nearly a decade, suggesting that long-term holders are actively shifting away from self-custody, further reducing market liquidity supply and amplifying price anomalies. Network conditions are stable; gas fees are operating at low levels, and on-chain transactions have not shown extreme spikes. The risk of near-term fluctuations remains high. ETF fund flows, large on-chain transfers, stablecoin activity, and changes in whale positions will be key indicators to watch. If institutions step up selling or stablecoin outflows expand further, ETH price volatility may intensify. Please continue to monitor macro developments and on-chain liquidity changes, stay alert to the risk of sharp short-term volatility, and get more real-time updates.

ETH breaks below 2300 USDT

Gate News bot message, Gate market shows that ETH breaks below 2300 USDT, current price 2299.54 USDT.

A judge ruled that the JENNER meme coin issued by socialite Jenners from the Kardashian family is not a security, dismissing the lawsuit.

The U.S. District Court for the Central District of California ruled that the $JENNER meme coin issued by socialite Jenna, of the Kardashian family, does not meet the definition of a security, dismissing investors’ lawsuit. The judge said the plaintiffs failed to prove the features of a common enterprise and can bring other claims in state court.

ETH breaks through 2350 USDT

Gate News bot message, Gate quotes show that ETH has broken through 2350 USDT, with the current price at 2350 USDT.

KelpDAO Exploiter Borrows $195M ETH from Aave, TVL Drops $6.28B as Whales Withdraw

Gate News message, the KelpDAO exploiter borrowed over 82,600 ETH ($195M) from Aave using RSETH as collateral, resulting in bad debt appearing on Aave. Following this incident, numerous whales withdrew funds from Aave, causing its TVL to decline from $26.396B to $20.114B, a decrease of $6.28B.

Vitalik and Ethereum Foundation Chair Aya Miyaguchi Confirmed to Speak at Hong Kong Ethereum Community Hub Launch

Vitalik Buterin and Aya Miyaguchi will speak at the Hong Kong Ethereum Community Hub opening on April 21. The hub, Asia's first Ethereum-backed space, aims to connect Eastern and Western ecosystems with discussions on key topics like zero-knowledge proofs and AI.