From 12:45 to 13:00 (UTC) on March 13, 2026, ETH achieved a +0.80% return within a 1.12% fluctuation range, with the price breaking through to 2129.49–2153.39 USDT. During this period, intraday volatility significantly increased compared to usual, and market attention rapidly intensified. Short-term trading volume surged, with on-chain data showing up to 420,690 transactions within 10 minutes, far exceeding normal activity levels, driving capital and liquidity to gather around ETH.
The main driver of this movement was large-scale buy orders concentrated on the chain. Major DEXs like Uniswap experienced dense trading activity, boosting ETH buy-side pressure, reflected in large single and batch transactions flowing into the chain. The increase in trading speed over a short period and changes in liquidity within DeFi protocols directly propelled the rapid price rise.
Additionally, market arbitrage activities and multi-protocol resonance further amplified volatility. Cross-DEX arbitrage and liquidity migration accelerated, with funds adjusting based on price differences across platforms, causing ETH prices to converge toward higher-tier DEXs. Industry sentiment and capital sensitivity to ETH ecosystem changes also heightened trading frequency, maintaining high on-chain activity. Most market participants remained highly focused on short-term opportunities, with some professional investors using high-frequency operations to push prices higher.
It is important to note the risks associated with ETH’s short-term volatility and liquidity changes. After a surge in buying enthusiasm, if capital withdraws, ETH may face short-term correction pressure. Investors should continuously monitor large on-chain transfers, DeFi protocol liquidity conditions, key resistance levels in the 2130–2160 USDT range, and industry sentiment shifts, exercising caution against sudden pullbacks. Real-time data monitoring and on-chain fund dynamics are crucial indicators for future market trends. For more real-time updates, please stay tuned.
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