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
Wintermute CEO: Will Continue Holding ETH and Supporting Ethereum's Long-Term Vision
Wintermute CEO Evgeny Gaevoy expressed more criticism than celebration of the Ethereum Foundation's mission statement, believing it can sustain the cypherpunk dream. He noted that the impact on ETH price in the short term is limited, with long-term results depending on goal achievement. He will continue to hold ETH for cultural and meme reasons.
GateNews31m ago
Analyst: BlackRock Launches Staking Ethereum ETF Solo to Avoid Punitive Impairment Risk
BlackRock's staking Ethereum ETF attracted approximately $46 million in funding within two days of its launch, holding spot ETH and staking 70%-95% of ETH through CEX. Investors can receive approximately 82% of staking rewards monthly, with remaining rewards going to BlackRock and service providers. The fund's non-compounding design attracts large investors, and BlackRock chose to launch the staking ETF independently to mitigate risks.
GateNews40m ago
MoonPay introduces native hardware signature support for AI agent tools
MoonPay announced on March 15 the introduction of hardware signing support for its AI agent tool, allowing transaction strategies to be executed across multiple blockchains, with users required to confirm transactions through Ledger devices to ensure private key security.
GateNews1h ago
ShapeShift founder spent 17.75 million USDT to buy 8,576 ETH over the past 5 days
Gate News reported on March 15 that according to Lookonchain monitoring, ShapeShift founder Erik Voorhees has resumed buying ETH after a year of inactivity. Over the past 5 days, he has spent 17.75 million USDT to purchase 8576 ETH. Currently, Erik Voorhees still holds 26.77 million USDT and may continue to purchase more ETH.
GateNews2h ago
DWF Labs: Traditional Altseason Coming to an End, Institutional Capital Shifting to BTC, ETH, and RWA
Andrei Grachev from DWF Labs points out that the traditional "altseason" is gradually disappearing due to structural changes in the crypto market. Institutional capital increasingly favors Bitcoin and Ethereum, exposing altcoins to higher risks and capital outflows. Over the past 13 months, altcoin market capitalization has declined by over $209 billion.
GateNews4h ago
