ETH drops below 2050 USDT

ETH 15-minute decline of 0.94%: whale investors proactively reduced positions and inflows into exchanges converged to trigger spot selling pressure

2026-04-02 03:30 to 2026-04-02 03:45 (UTC), ETH experienced a short-term decline in yield of -0.94%. The price ranged from 2046.01 to 2075.41 USDT, with a fluctuation of 1.42%. During this period, market volatility intensified, on-chain attention increased, reflecting investors’ high sensitivity to upcoming network changes and large capital flows. The main drivers of this abnormal movement stemmed from large transfers concentrated among on-chain whales and institutional addresses, with some individual transactions exceeding 10,000 ETH, and simultaneously flowing in large volumes.

ETH drops below 2050 USDT

Gate News bot message, Gate price display shows that ETH has broken below 2050 USDT, with the current price at 2049 USDT.

Rare USDT Wallet Drop on Ethereum Could Signal Bitcoin Market Bottom

A new on-chain signal from Santiment is raising eyebrows across crypto markets. In a post shared today, the analytics platform said the number of non-empty Tether wallets on Ethereum fell by 72,841, or 0.54%, in just 48 hours, an unusually sharp move for a metric that, as Santiment noted,

DRIFT hacked; token plummets 28%. The hacker laundered $285 million entirely into ETH and fled

Drift Protocol draws attention after a hacking incident. The DRIFT token plunged 28% in a single day; the current price is only $0.049, down as much as 98% from its all-time high. The attacker stole $285 million after a private key leak and converted it into ETH; the service has been suspended. The incident has raised questions about the security of the Solana ecosystem, and the market is closely watching the follow-up compensation plan and investigation results.

The crypto market sector is broadly down, while the ETH and GameFi sectors are relatively resilient

On April 2, the crypto market broadly fell, with the RWA and Layer 1 sectors down 1.71% and 1.66%, respectively. Bitcoin fell 0.75% to $68,000, while Ethereum inched up 0.15%. The GameFi sector performed better, rising 0.71%. Most other sectors trended downward.

Over the past 24 hours, the entire network experienced liquidations totaling $375 million, with long positions liquidated for $204 million.

Gate News message. April 2, according to Coinglass data, liquidations across the entire network over the past 24 hours totaled $375 million, including $204 million liquidated on long positions and $170 million liquidated on short positions. In detail, Bitcoin had $51.7929 million liquidated on long positions and $41.8973 million liquidated on short positions; Ethereum had $42.568 million liquidated on long positions and $47.1016 million liquidated on short positions.