On March 3, 2026, from 16:00 to 16:15 (UTC), ETH achieved a short-term profit of +1.30%, with its price fluctuating between 1965.11 and 2001.75 USDT, a volatility of 1.86%. Market attention significantly increased, with minute-level trading volume surging, volatility intensifying, and short-term buying momentum strong. The main drivers of this movement were large inflows of on-chain funds and whale activity. Ceffu’s hot wallet transferred 15,000 ETH to a major exchange on the same day, whales deposited USDC as collateral, and large on-chain transfers were active, boosting liquidity and directly causing the price to break through short-term resistance levels. Leading platform wallets hit new trading volume highs, with highly concentrated funds accelerating short-term price movements.
Additionally, macro policy expectations resonated with the market. As the Federal Reserve’s rate decision approached and the probability of ending quantitative tightening increased, market uncertainty grew, prompting some funds to short-term position adjustments and increasing volatility. Meanwhile, the US spot Ethereum ETF experienced net outflows of $52.8 million, with institutional funds short-term retreating, and some on-chain funds shifting to trading platforms. Whales pledged $100 million worth of ETH, and daily exchange trading volume increased over 24 times. Coupled with technical support level breakthroughs and minute-level trading volume increases, these factors amplified the price movement effects.
Currently, ETH’s volatility risk is rising, and ongoing attention should be paid to macro policy developments, ETF fund flows, and large on-chain fund activities. Technical support zones and on-chain fund movements will dominate short-term trends. Investors are advised to be cautious of rapid pullbacks, monitor real-time market information, and manage their positions prudently.
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
Tom Lee's Bitmine Acquires 40,000 ETH Worth $82.07 Million
Gate News message, Tom Lee's Bitmine purchased an additional 40,000 ETH valued at $82.07 million from centralized exchanges today. The transaction marks another significant ETH accumulation by the firm.
GateNews2h ago
Ethereum Foundation stakes another $93 million ether, reaching its 70,000 ETH target
The Ethereum Foundation staked $93 million in ether, reaching nearly $143 million in total staked ETH, almost fulfilling its 70,000 ETH target. This shift to staking generates yield for funding operations without selling assets, although some ETH remains unstaked.
CoinDesk4h ago
Early ETH Accumulation Hints at Breakout—Can Momentum Hold?
Ethereum shows early accumulation, with most holders near breakeven and selling pressure easing.
Taker Buy/Sell Ratio rising indicates growing demand and selective buying across exchanges.
Sustained momentum above key levels could trigger a breakout toward higher price targets.
At press
CryptoNewsLand4h ago
$ETH Whale Pulls $82M From FalconX, Market Speculates Tom Lee Connection
An Ethereum whale withdrew $82M in ETH from FalconX, increasing their holdings to 40,000 ETH. The transaction pattern resembles Bitmine's, sparking speculation about Tom Lee's involvement. Traders are monitoring its market impact.
BlockChainReporter5h ago
Ethereum Revisits $2,000 While Smart Money Turns to BlockchainFX, the Best Crypto Presale Approac...
Twelve times. That’s how many times Ethereum has touched $2,000 since April 2021, and somehow April 2026 is on that list too. While ETH holders stare at the same number they’ve been staring at for five years, a different crowd is moving quietly and deliberately into BlockchainFX (BFX), a
BlockChainReporter6h ago
Naoris Protocol's quantum-resistant blockchain goes live as Bitcoin and Ethereum face 'Q-Day' threats
Naoris Protocol launched a quantum-resistant blockchain, designed to secure transactions against future quantum threats. It utilizes post-quantum cryptography and has validated over 100 million transactions, preparing to protect digital assets despite vulnerabilities in existing systems like Bitcoin and Ethereum.
CoinDesk7h ago
