Data: If ETH breaks through $3,530, the total liquidation strength of long positions on mainstream CEXs will reach $1.542 billion.

Ethereum Price News: ETH Exchange Reserves Drop to Historic Lows, Vitalik Buterin Proposes "Shelter Technology" Concept

Ethereum (ETH) has recently remained around $2,000, and ETH withdrawals have hit a new high in the past month as major investors transfer assets to private wallets. ETH reserves have fallen to early-year levels. Co-founder Vitalik Buterin has suggested building an "shelter technology" ecosystem to address geopolitical instability. Investors are adjusting their medium- to long-term asset allocations, and prices remain stable.

ETH Breaks Through 2000 USDT

Gate News bot message, Gate market display, ETH breaks through 2000 USDT, now priced at 2000.24 USDT.

On-chain BTC and ETH's largest long positions are approaching break-even, with total holdings reaching $183 million.

BTC rebounded from yesterday's low to $68,640, a 3.9% increase; ETH's gain was smaller. The largest long position holder, "ETH Swing Master" address, holds $183 million, while BTC long positions have already turned profitable. ETH longs need to rise about 0.2% to break even.

"Maji" reduces ETH long positions, now with a floating profit of $33,000.

BlockBeats News, March 4th, according to HyperInsight monitoring, "Brother Ma Ji" Huang Licheng's address just reduced his ETH long position. Currently, he is long 3275 ETH with 25x leverage, with an entry average price of $1981.68, and a floating profit of $33,000.

Ethereum price hovers around $1990, with whales accumulating on dips, driving network activity to a ten-year high

Ethereum price has recently hovered around $1980-$1990 but has not broken through $2000. Daily active addresses hit a new high, indicating increased network usage. Large whales have increased their holdings by 120,000 ETH, while small wallets have sold off 210,000 ETH. Market bullish pressure is at $1900-$1950, with a focus on breaking $2000 to determine the trend.

Whale Purchases 4,900 ETH Worth $9.7M from Centralized Exchange

Gate News bot message, a whale purchased 4,900 $ETH valued at $9.7 million from a centralized exchange 15 minutes ago. The whale is likely to continue accumulating more ETH.