On March 10, 2026, from 00:15 to 00:30 (UTC), ETH price increased by 0.96% within 15 minutes, with a price range of $1,994.66 to $2,015.21 USDT, and a volatility of 1.03%. During the same period, market trading activity was active, liquidity significantly increased, social attention rose, and volatility intensified.
The main driver of this ETH price movement was the appearance of multiple large on-chain buy orders. Institutional and large holder funds concentrated into mainstream trading platforms, supported by nearly 48,000 ETH in trading volume, which rapidly pushed the price higher. Additionally, the number of active on-chain addresses increased by approximately 18% compared to the previous period. Major DeFi protocols such as Uniswap and Aave attracted some ETH into their liquidity pools, leading to a noticeable increase in active buy orders in the spot market, providing strong support for the price.
Meanwhile, a favorable macro environment further amplified market fluctuations. The Federal Reserve continued its stable policy, the US dollar index slightly retreated, boosting risk appetite, and major global stock indices performed strongly, encouraging capital to flow back into the crypto market. Furthermore, the Ethereum Foundation announced an upgrade plan for Layer 2 scaling solutions, and a leading institution announced an increased holding plan, significantly boosting market confidence. Social media discussions heated up with keywords like “ETH breakout” and “Layer 2 upgrade,” shifting market sentiment from neutral to optimistic, which fueled continuous short-term capital inflows. Technically, ETH also broke through short-term moving average resistance levels.
After a rapid rise, caution is advised for short-term corrections and liquidity fluctuations, especially monitoring whether large on-chain transfers lead to concentrated sell-offs. Unexpected macro or industry news could also impact short-term market trends. It is recommended to continuously monitor ETH on-chain fund flows, major holder positions, and liquidity changes in the DeFi ecosystem, keep an eye on key support and resistance levels, and stay updated with market information to respond to volatility.