ETH short-term upward movement of 0.99%: Driven by whale inflows and external capital transfers, a structural rebound

Between 01:30 and 01:45 (UTC) on March 6, 2026, ETH achieved a 0.99% return within 15 minutes, with a price range of $2,065.42 to $2,088.57 USDT and an amplitude of 1.12%. Market volatility during this window was significantly higher than the daily average, increasing short-term market attention. Liquidity was low, and some large transactions drove trading volume higher.

The main drivers of this movement were concentrated inflows of whale funds into decentralized exchanges and large transfers. On-chain monitoring detected multiple large ETH inflows into DeFi protocols and trading platforms, effectively pushing up local prices. Additionally, South Korea’s stock market experienced a sharp correction this week, prompting funds to flow into the crypto market, boosting ETH sector gains. Meanwhile, Federal Reserve policy expectations led to increased risk appetite globally, helping the overall crypto market rebound.

At the same time, active addresses on the ETH chain increased, with daily trading volume around 2.026 million, and total network Gas usage exceeding 217,657,914,386, indicating active participation by real users. Technically, ETH briefly broke through key pivot levels, with a structural rebound and weakening daily sell pressure, but the overall trend remains weak. The announcement of the ERC-8004 protocol caused short-term volatility, and some institutions and whales adjusting their positions further resonated with price movements. Bitcoin’s simultaneous breakthrough above $71,000 strengthened overall market sentiment and positively influenced ETH.

It is important to note that liquidity during this volatile window was low, and large fund movements had a significant impact, posing withdrawal risks for retail investors. The overall trend for ETH has not yet shown a sustained reversal; key support is at $2,052, and resistance at $2,125, which should be closely monitored. It is recommended to watch on-chain large transfers, whale activity, and macro policy changes to stay informed of market developments and to guard against short-term volatility and structural risks.