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
Citigroup slashes Bitcoin and Ethereum 12-month price targets, stating that stalled U.S. crypto legislation weakens upward catalysts.
Citigroup lowers its 12-month target prices for Bitcoin and Ethereum, indicating that its medium-term outlook for the crypto market has turned cautious, mainly because progress on U.S. crypto-asset legislation has been slow. Its Bitcoin target is reduced from $143,000 to $112,000, and its Ethereum target is lowered to $3,175. Although there is still room for upside in the future, the lack of new policy catalysts means prices could trade within a range in the short term. Citigroup is even more cautious in its assessment of Ethereum, saying it is more heavily influenced by on-chain activity.
区块客38m ago
Miladys and the loyalty pledge create an unnecessary "cultural rift" in the Ethereum community.
The debate around Miladys and loyalty pledges is creating an unnecessary cultural rift within the Ethereum community. Critics argue these pledges deepen divisions instead of fostering unity, while others see such discussions as inevitable in an open ecosystem. Ongoing conflicts may detract from critical issues like infrastructure development and user experience.
TapChiBitcoin46m ago
XRP Sets up Bear Trap, Shiba Inu Bull Market Confirmed; If This Hits, Will Ethereum Hold $2,000? Crypto Market Review - U.Today
XRP's weak foundation
Is it getting worse for Shiba Inu?
Not yet bull run
Ethereum's most significant target
XRP is getting close to a crucial technical point, where what appears to be a downward trend could actually turn into a traditional bear trap. The asset’s price is currently in the $1.30
UToday1h ago
Ethereum (ETH) on the Edge: Critical Level Stands Between New Bull Run and a Major Crash
While the second-largest cryptocurrency has registered a significant rebound over the past month, it remains at risk of plummeting to drastically low levels during this cycle.
On the other hand, some important indicators suggest that the worst might be over and the price could be gearing up for a m
CryptoPotato4h ago
