On March 4, 2026, from 06:30 to 06:45 (UTC), ETH achieved a 0.95% return within 15 minutes, with a price range of $1967.24 to $1986.41 USDT and an amplitude of 0.97%. Short-term volatility highlights increased market attention and is accompanied by heightened fluctuations, drawing significant focus from trading communities and on-chain funds.
The primary driver of this movement is the influx of macro risk-averse capital. Major Asian stock markets experienced sharp declines, with single-day drops exceeding 12%, prompting global funds to seek safe-haven assets. Cryptocurrencies, as a mainstream alternative, saw substantial incremental inflows, with ETH being prioritized due to its asset status. Additionally, DeFi innovation sectors continued to perform strongly, with EigenLayer and other restaking protocols’ TVL surpassing $15 billion, and APY rising to 3.8%-6%. The locking of additional funds in LST and LRT protocols further increased ETH demand and reduced circulating supply.
Meanwhile, on-chain data shows institutional and whale accumulation continues, with weekly purchases exceeding 40,000 ETH since 2026, driven by high-frequency large transfers that amplify local market movements. The sustained popularity of ETF products and financial innovations create a resonance effect, leading to capital inflows that further amplify short-term upward movements. ETH ecosystem innovations maintain investor confidence at high levels, while derivative on-chain protocols, cross-market capital flows, and macro sentiment work together to generate multiple amplification effects.
Currently, increased volatility warrants attention to short-term risks. The market remains in a volatile pattern, with key indicators including macro risk sentiment, on-chain capital flows, DeFi TVL data, and major ecosystem developments. In the short term, caution is advised regarding traditional financial market fluctuations, the security and compliance risks of restaking protocols, and the impact of large fund movements on market direction. It is recommended to monitor real-time market data and on-chain dynamics closely, and to understand the underlying logic behind market anomalies.
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 network activity reaches a new all-time high, but ETH price has fallen 30% over 6 months, ranking third in fee revenue.
Ethereum network activity reaches a new all-time high, with multiple indicators showing a significant increase in daily active addresses and smart contract calls. However, ETH price has fallen about 30% over the past six months, indicating a net capital outflow. Analysis suggests that capital flows have a greater impact on price. Despite Ethereum hosting a large amount of stablecoins, its value capture has not kept pace with the growth in network usage.
GateNews2m ago
Ethereum active addresses surpass 2 million, reaching a new all-time high, but ETH price remains under pressure; capital flow becomes a key variable.
Ethereum network activity reaches a record high, but ETH prices have not risen accordingly, and on-chain transaction fee revenue has not significantly increased. Transaction data shows that the correlation between on-chain activity and price has weakened, with new demand not translating into higher ETH valuation, leading to net capital outflows from the market. Stablecoins still dominate the Ethereum ecosystem, but overall economic activity is dispersed across layer 2 networks, indicating a separation between network usage and asset value capture.
GateNews15m ago
A Detailed Explanation of ERC-8183: The Answer to Trust Challenges Among Ethereum Attack AI Agents
The Ethereum Foundation and Virtuals Protocol have launched the ERC-8183 standard, aimed at solving trust issues in commercial transactions between AI Agents. The standard defines on-chain tasks and introduces evaluation roles to enable decentralized transactions, avoiding intervention by centralized platforms. ERC-8183 complements other standards such as x402 and ERC-8004, collectively building a decentralized AI Agent economy system.
PANews21m ago
The swing whale "pension-usdt.eth" achieved 16 consecutive wins and a profit of $5,428,000 over the past 30 days.
Whale address "pension-usdt.eth" achieved 16 consecutive wins within the BTC price range over the past 30 days, with a profit of $5.428 million. Currently holding a 3x leveraged short position worth $69.5 million, with an unrealized loss of $620,000. The trading strategy mainly focuses on low leverage and short cycles, with a cumulative profit of over $26.5 million since last year.
GateNews23m ago
Yesterday, the US Bitcoin spot ETF had a net inflow of $246.9 million, and the Ethereum ETF had a net inflow of $12.6 million.
On March 11, Farside Investors reported a net inflow of $246.9 million into the U.S. Bitcoin spot ETF, with BlackRock, Fidelity, and Bitwise as the main contributors. At the same time, the Ethereum spot ETF saw a net inflow of $12.6 million.
GateNews41m ago
BTC and ETH short-term holder SOPR has rebounded since late February, indicating increased market resilience.
Gate News Report, March 11 — A research institution released a report indicating that short-term holders of BTC and ETH have been experiencing a rebound in the spent output profit ratio (SOPR) since late February. SOPR is used to measure whether recent sellers are in profit when selling assets. The rebound of this indicator suggests that spot demand has been strong enough recently to absorb reverse selling pressure, making market positioning more resilient.
GateNews53m ago
