On March 3, 2026, from 12:00 to 12:15 (UTC), ETH prices rapidly rose within the range of 1960.84 to 1990.3 USDT, recording a 1.04% return with a volatility of 1.50%. The candlestick data reflects significant market activity during this period, with trading volume and volatility both at high levels, attracting widespread market attention.
The main driver of this movement was active buying in the spot market, pushing short-term prices higher. Additionally, leveraged funds in the futures market participated heavily, with open interest exceeding $25 billion. About $96.85 million of long and short positions were concentrated in liquidations, strengthening the upward momentum. These active buy orders and leveraged adjustments formed the core drivers of the rapid price jump.
Furthermore, deep structural resonance factors are equally important. After the EIP-1559 upgrade, ETH’s base transaction fees are burned directly, significantly enhancing deflation expectations. Coupled with active on-chain NFT and DeFi applications, which generate high transfer and fee volumes, ETH burn rates increase. The market’s recognition of ETH’s scarcity and long-term value has risen, serving as the underlying logic for continuous capital inflows. Meanwhile, spot market liquidity remains ample, with no signs of liquidity crunches or extreme on-chain events. The long and short positions remain balanced, and market sentiment is relatively optimistic. The convergence of multiple factors amplifies short-term volatility.
It is worth noting that, although short-term price fluctuations are mainly driven by active buying and capital flows, there remains a risk of volatility under high leverage positions. Future focus should be on key support levels, changes in futures open interest, on-chain fund flows, and macro news developments to timely grasp market risks. Please stay tuned to the latest market updates and be alert to sudden events that could cause volatility.
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 drops 1.02% in 15 minutes: whale sell-offs and leverage liquidations drive short-term pressure
On March 4, 2026, from 20:45 to 21:00 (UTC), ETH experienced a 1.02% decline in return over 15 minutes, with price fluctuations ranging from 2149.69 to 2174.09 USDT, and an amplitude of 1.12%. Market attention increased during this period, volatility intensified, attracting a large amount of short-term capital participation, and investor caution significantly heightened.
The main driving force behind this anomaly was large on-chain holders transferring substantial amounts of ETH to trading platforms and executing sell operations, leading to short-term selling pressure. Whale concentrated selling behavior tends to amplify price fluctuations in a market environment with low liquidity.
GateNews3h ago
Continuing to rise! Bitcoin briefly breaks above $74,000, Ethereum surpasses $2,200, and the entire network experiences $570 million in liquidations.
Bitcoin (BTC) broke through $74,000 today, boosting the overall cryptocurrency market sentiment. Ethereum (ETH) also rose, surpassing $2,200. Market analysis suggests that this upward trend is driven by institutional capital inflows and safe-haven demand, but investors should be cautious of market volatility and profit-taking pressure.
動區BlockTempo4h ago
Data: If ETH drops below $2,050, the total long liquidation strength on major CEXs will reach $786 million.
ChainCatcher reports that, according to Coinglass data, if ETH drops below $2,050, the total liquidation strength of long positions on major CEXs will reach $786 million. Conversely, if ETH breaks above $2,261, the total liquidation strength of short positions on major CEXs will reach $407 million.
GateNews5h ago
Who Is Tom Lee? The Ethereum Saylor Behind Bitmine
Tom Lee has led Bitmine in accumulating over 4.4 million ETH, making it the second-largest crypto treasury. Despite substantial unrealized losses, Bitmine's strategy includes staking and diversifying into other investments.
CryptoFrontNews5h ago
"Maji" ETH long position increased to 6,050 tokens, now with an unrealized profit of $670,000.
BlockBeats News, March 5th, according to HyperInsight monitoring, "Brother Ma Ji" Huang Licheng's ETH long position increased to 6,050 coins, approximately $13 million, with a current unrealized profit of $670,000. The average entry price is $2,039.93, and the liquidation price is $2,012.1.
GateNews7h ago
Matrixport's whale-associated ETH and BTC long positions have a floating profit of over $22 million
Odaily Planet Daily reports that, according to Lookonchain monitoring, as the crypto market rises, the whale associated with Matrixport holding 120,000 ETH and 650 BTC long positions has an unrealized profit of over $22 million.
GateNews8h ago
