ETH short-term surge of 1.30%: On-chain large transfers and concentrated liquidity drive price breakthrough of resistance

ETH-4,29%
USDC-0,01%

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.

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