On March 4, 2026, from 20:45 to 21:00 (UTC), ETH experienced a 1.02% decline in return within 15 minutes, with the price fluctuating between 2149.69 and 2174.09 USDT, a volatility of 1.12%. Market attention increased during this period, volatility intensified, attracting a large amount of short-term capital, and investor sentiment became notably cautious.
The main driver of this movement was large on-chain holders transferring significant amounts of ETH to trading platforms and executing sales, leading to short-term selling pressure. Whale selling concentrated in a low-liquidity environment tends to amplify price fluctuations. Additionally, leverage in the ETH derivatives market has recently risen, and a decline in leveraged positions triggered collective liquidations, further increasing downward pressure. ETF net inflows were $6.6 million, weaker compared to Bitcoin during the same period, indicating limited buying support.
Furthermore, on-chain data shows significant fluctuations in active addresses and trading volume in early March, with active selling dominating the market. The US spot Ethereum ETF experienced limited net inflows, and options hedging was insufficient, leaving the downside unprotected. Institutional investors remain cautious. Meanwhile, stock market volatility and rising risk aversion triggered synchronized adjustments in the crypto market, creating cross-market liquidity pressure resonance and pushing ETH short-term under pressure. From a technical perspective, ETH prices remain below multiple daily moving averages, with RSI and ADX indicating a correction phase and weakening support levels.
Currently, ETH faces high volatility risk. In the short term, attention should be paid to support below $2,149 and on large on-chain transfers. Investors should be alert to extreme fluctuations caused by leveraged liquidations, monitor ETF capital flows, and macro market trends to manage risks effectively. For more real-time market data and information, it is recommended to continuously follow mainstream on-chain data and derivatives market performance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH 15-minute increase of 1.02%: Ecosystem upgrade expectations resonate with active buying, driving the rally
From 14:30 to 14:45 (UTC) on March 10, 2026, ETH recorded a short-term gain of +1.02%, with the price rising from 2024.3 USDT to 2047.18 USDT, an amplitude of 1.13%. Trading volume during this period significantly increased, with active addresses rising from 12,800 to 15,600, and large on-chain transfers up by 30.2%, reflecting a notable increase in market attention and volatility.
The main driver of this movement is the Ethereum "Verde" technical upgrade testnet news.
GateNews43m ago
Whale pension-usdt.eth recently opened a long position. CL still holds 1,000 BTC and a threefold short position.
Gate News Report, March 10 — According to Onchain Lens monitoring, the whale address pension-usdt.eth, which previously made huge profits on BTC and ETH, recently opened a 2x leveraged CL long position on Hyperliquid. Meanwhile, the address still holds a 3x leveraged short position in BTC, totaling 1,000 BTC, with a nominal value of approximately $69.89 million, currently with an unrealized loss of about $1 million.
GateNews1h ago
The whale "pension-usdt.eth" has started going long on WTI crude oil, with an average entry price of $86.73.
Gate News Report, March 10 — According to HyperInsight monitoring, the large whale "pension-usdt.eth" has just opened a long position on CL (WTI crude oil mapping contract, corresponding to the U.S. crude oil futures benchmark price). Currently, it is long 7,986 CL contracts with 2x leverage, with an average entry price of $86.73.
Additionally, this address is still short 1,000 BTC with 3x leverage, with an unrealized loss of $1.01 million.
GateNews1h ago
Gold and silver prices rose over 1.5% intraday, while BTC and ETH volatility indices dropped over 7%
On March 10th, gold prices rose to $5,218.17 per ounce, and silver prices reached $89.076 per ounce. The cryptocurrency volatility indices BTCD and ETHD both declined. The US dollar against the Chinese yuan slightly decreased, while it slightly appreciated against the Japanese yen. Global stock indices generally rose, and WTI and Brent crude oil prices both increased. The Gate platform supports trading of multiple assets.
GateNews1h ago
