From 14:30 to 14:45 (UTC) on March 10, 2026, ETH experienced a short-term gain of +1.02%, with the price rising from 2024.3 USDT to 2047.18 USDT, a volatility of 1.13%. During this period, trading volume significantly increased, active addresses rose from 12,800 to 15,600, and on-chain large transfers surged by 30.2%, reflecting a clear increase in market attention and volatility.
The main driver of this movement was the anticipation of ecosystem expansion triggered by the Ethereum “Verde” technical upgrade testnet news, combined with bullish sentiment towards mainstream cryptocurrencies’ technological iterations, leading to rapid inflows of on-chain and on-exchange funds. Concurrently, the amount of ETH deposited in major DeFi protocols increased, and the proportion of long positions in the contract market rose, indicating that institutions and large holders actively added positions, directly supporting the upward trend.
Additionally, the global crypto market sentiment continued to improve, with leading cryptocurrencies like Bitcoin rising slightly, providing a positive correlation boost for ETH. Large cross-platform fund flows and arbitrage trading remained active, social media buzz surged, and some KOLs expressed bullish outlooks, amplifying short-term “herd behavior” and volatility. Funds shifted from stablecoins to ETH, and DeFi protocol TVL increased by 2.3%, jointly reinforcing the foundation for this round of market rally.
Amid increased short-term volatility, investors should remain cautious of rapid reversals in market sentiment and liquidity. Close attention should be paid to updates on technical upgrades, changes in on-chain active fund inflows, and contract market position data to guard against potential pullbacks caused by liquidity loosening and macro disturbances. Continuing to monitor mainstream cryptocurrencies and on-chain activity will help in proactively identifying potential market shifts.
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