Gate News, April 2, according to on-chain analysts monitoring, Brother Maji (address 0x020...872) currently holds 6,000 ETH on a 25x long position, with an entry price of $2,084.5 and a liquidation price of $2,040.5—only $13 away from the liquidation price. Previously, he had closed 1,700 ETH, incurring a loss of $48,000.

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.

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

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.

From 02:00 to 02:15 (UTC) on 2026-04-02, ETH experienced a significant decline. Over 15 minutes, the return was -1.01%. The price fluctuated between 2078.19 and 2100.1 USDT, with an amplitude of 1.04%. Short-term trading was active, market attention increased, and volatility intensified. The main driver behind this movement was that the sell-side order proportion on a certain trading platform's order book rose to 63%, while buy orders weakened significantly, directly triggering the price decline. At the same time, during this period, capital flowed out net, buy-side support was insufficient, and the concentrated selling pressure led to a sharp short-term decline in ETH.

Gate News reports that on April 2, data from a certain CEX exchange showed that ETH fell below 2100 USDT, currently trading at 2099.99 USDT, with a 24-hour decline of 0.13%.

Gate News message: On April 2, according to Onchain Lens monitoring, the whale address pension-usdt.eth has newly opened a 3x leveraged short position of 20,000 ETH, while increasing its 3x leveraged short position in BTC to 750 coins. The combined value of the two positions is $92.4 million. Currently, the whale’s floating profit exceeds $1.6 million, and its total profit has already surpassed $32.0 million.

From 2026-04-02 01:15 to 2026-04-02 01:30 (UTC), the ETH spot price return logged -1.33%, reported at 2106.08 to 2140.86 USDT, with a range of 1.62%. During the event window, market volatility intensified, near-term attention clearly increased, and concentrated sell pressure triggered a rapid price pullback. The main driving force behind this unusual move is that capital outflows have once again intensified. On-chain data shows that over the past one cycle, ETH exchange net outflows have remained negative, reaching as high as -6,625.86 coins, while the ETF recorded a net outflow of -2,000 units.

Gate News bot message, Gate market data shows that ETH has fallen below 2100 USDT, with the current price at 2099.54 USDT.

Gate News message. On April 2, according to on-chain analysts monitoring, a 2016 ancient ETH whale with an exceptionally low cost basis of $203.22, after sleeping for one month, woke up yesterday (April 1), then immediately made high-frequency consolidations to addresses and deposited 3,915 ETH and 24,000 AAVE to a certain CEX, suspected to be selling. The total value is approximately $10.72 million. After the deposit, only 52 ETH remained on-chain. After holding Ethereum for nearly 10 years, the whale is now nearly fully liquidated.