On March 3, 2026, from 12:00 to 12:15 (UTC), ETH prices rapidly rose within the range of 1960.84 to 1990.3 USDT, recording a 1.04% return with a volatility of 1.50%. The candlestick data reflects significant market activity during this period, with trading volume and volatility both at high levels, attracting widespread market attention.
The main driver of this movement was active buying in the spot market, pushing short-term prices higher. Additionally, leveraged funds in the futures market participated heavily, with open interest exceeding $25 billion. About $96.85 million of long and short positions were concentrated in liquidations, strengthening the upward momentum. These active buy orders and leveraged adjustments formed the core drivers of the rapid price jump.
Furthermore, deep structural resonance factors are equally important. After the EIP-1559 upgrade, ETH’s base transaction fees are burned directly, significantly enhancing deflation expectations. Coupled with active on-chain NFT and DeFi applications, which generate high transfer and fee volumes, ETH burn rates increase. The market’s recognition of ETH’s scarcity and long-term value has risen, serving as the underlying logic for continuous capital inflows. Meanwhile, spot market liquidity remains ample, with no signs of liquidity crunches or extreme on-chain events. The long and short positions remain balanced, and market sentiment is relatively optimistic. The convergence of multiple factors amplifies short-term volatility.
It is worth noting that, although short-term price fluctuations are mainly driven by active buying and capital flows, there remains a risk of volatility under high leverage positions. Future focus should be on key support levels, changes in futures open interest, on-chain fund flows, and macro news developments to timely grasp market risks. Please stay tuned to the latest market updates and be alert to sudden events that could cause volatility.
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
Ethereum Leads L1 Market With Strong TVL Dominance
The blockchain space continues to evolve rapidly as networks compete for dominance. Recent data from Token Terminal shows a clear leader. Ethereum ecosystem TVL stands at the top, ahead of Tron, Solana, and BNB Chain. This ranking highlights where users and capital prefer to stay.
The L1 blockchain
Coinfomania15m ago
ETH drops 1.02% in 15 minutes: massive capital inflow into exchanges triggers short-term selling pressure
From 2026-03-19 12:45 to 2026-03-19 13:00 (UTC), ETH price experienced a significant -1.02% decline within the 2130.05-2154.23 USDT range, with fluctuation amplitude reaching 1.12%. Short-term volatility intensified, market attention noticeably increased, and some investors showed signs of panic sentiment.
The primary driver of this price movement was a large-scale influx of on-chain whale funds into exchanges over a short period. Glassnode data shows that although the overall ETH net outflow trend continues, exchange holdings over the past 30 days have decreased by 503,4
GateNews20m ago
Vitalik Buterin Proposes Fast Confirmation Rules, Ethereum Deposit Confirmation Time May Be Shortened to 13 Seconds
Ethereum co-founder Vitalik Buterin proposed Fast Confirmation Rules (FCR), aiming to reduce deposit confirmation time to approximately 13 seconds and optimize user experience. FCR provides early confirmation signals through validator attestations without requiring a hard fork. Despite concerns about centralization and honesty, it is still viewed as an important measure to improve network efficiency and is part of the Lean Ethereum roadmap.
GateNews2h ago
BlackRock deposits 930 BTC and 12,687 ETH into a certain CEX, with a total value exceeding $93 million.
Gate News reports that on March 19, Onchain Lens monitoring showed that BlackRock deposited 930 BTC (valued at $65.48 million) and 12,687 ETH (valued at $27.75 million) to a certain CEX, and may continue to increase deposits.
GateNews2h ago
