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
Whale 0x8f01 Converts 650 ETH to 1.88M ASTER in $1.4M Transaction
Gate News bot message, Whale address 0x8f01 sold 650 ETH worth $1.4 million 14 hours ago and subsequently purchased 1.88 million ASTER tokens valued at $1.4 million. The whale currently holds 4.45 million ASTER tokens with a total value of $3.18 million.
GateNews9m ago
Ethereum Price Prediction: ETH Approaching $2200, Bulls Targeting the Key Resistance at $2400
Ethereum (ETH) price recently surged to $2,192, hitting a four-week high, driven by Bitcoin and positive developments in US-Iran negotiations. Short positions in the derivatives market have surged in liquidations, while long positions remain active, with significant institutional capital inflows. Technical analysis indicates that Ethereum may break through the $2,200 psychological resistance, with a target of $2,400, signaling a potential bullish reversal.
GateNews10m ago
Cryptocurrency holder suffers $24 million violent robbery, offers a 10% bounty to recover stolen funds
A cryptocurrency holder reported being attacked on social media, losing approximately $24 million worth of crypto assets. The attacker used violence to threaten and force the transfer of funds. The incident has garnered widespread attention, and blockchain security companies are tracking the stolen funds. This event highlights the rising risk of physical attacks in the crypto space.
GateNews16m ago
Bitcoin breaks through $72,000, driving the crypto market higher; Ethereum, Solana, and XRP all rise collectively.
The Middle East situation has eased, global risk asset sentiment has improved, and the cryptocurrency market has strengthened. Bitcoin broke through $72,000, reaching a new high for the period, and other mainstream digital assets also generally rose. Analysts believe that the rebound was driven by a return of market risk appetite and capital inflows.
GateNews18m ago
Chinese electric vehicle company Jiuzi New Energy "exchanges shares for coins," planning to use $1 billion worth of equity to acquire 10,000 Bitcoins
Nine Purple New Energy announces the acquisition of 10,000 Bitcoins with approximately $1 billion in equity, aiming to expand digital asset reserves and enhance asset flexibility. However, with Bitcoin price fluctuations and market uncertainties, the sustainability of the DAT model is questioned, increasing investment risks. This move has triggered significant stock price volatility, accompanied by concerns over speculation and manipulation.
ChainNewsAbmedia1h ago
Vitalik Calls for Ethereum to Shift Toward "Sanctuary Technology" to Combat Surveillance and Centralization Threats
Ethereum co-founder Vitalik Buterin proposed the "Sanctuary Technology," advocating that Ethereum should focus on protecting individuals from excessive surveillance and promote the mission of decentralization, opposing market-driven approaches to financial applications. He put forward three major technical proposals to enhance the neutrality of blockchain construction and support ethical boundaries for AI technology, opposing the abuse of power through technology.
MarketWhisper1h ago
