Between 15:45 and 16:00 (UTC) on March 4, 2026, ETH experienced a significant price fluctuation, with a K-line return of +1.09%. The price range moved from 2126.16 to 2158.9 USDT, with an amplitude of 1.54%. Short-term volatility increased during this period, attracting market attention, with trading volume and sentiment rising simultaneously. The main drivers of this movement were large whale buy-ins on the blockchain and continuous net inflows into ETFs. Specifically, on March 3, whales exchanged 99.5 BTC for 3,347 ETH via ThorChain, indicating a preference for ETH. Additionally, Ethereum ETF saw a single-day net inflow of 20,670 ETH, with iShares also contributing significant inflows, and institutional funds boosting the short-term price rebound of mainstream coins.
Furthermore, the derivatives market was active, with the daily average trading volume of CME ETH futures increasing by 65%, creating a resonance between leveraged funds and the spot market. After the US and Israel’s airstrikes on Iran, global safe-haven capital flowed into cryptocurrencies, with funds outflow from Iran-related exchanges surging by 700%. Combined with ETF and whale activities, this further amplified the price effects. Technically, although ETH remains in a generally bearish state with an RSI of 43.71, short-term capital movements showed attempts at突破 and short covering. Market forecast data also indicate a positive outlook for ETH’s short-term rebound.
Currently, ETH faces short-term volatility risks. If it cannot effectively break through the key resistance zone at $1990-$2010, there remains downward pressure. Geopolitical tensions and global liquidity changes require ongoing attention, as active leverage in the derivatives market has increased volatility. It is recommended to closely monitor on-chain fund movements, institutional ETF inflow data, and technical support levels to manage short-term risks. For more real-time market updates, please continue to follow market news.
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