The latest sharp rise
Ethereum rose 2.3% in 50 minutes: from $2,240 at 20:48 to $2,291 at 21:38 UTC on 29 Oct.
$4.13M of short positions were liquidated on the way up, against $3.36M of longs. The largest single one was a $1.06M short at 20:48 UTC.
Open interest fell 1.4%, from $17.5B to $17.3B: more positions were closed than opened.
The average funding rate went from +0.0071% to +0.0039% per 8 hours.
A $1.46B monthly options expiry is due 10 hours 24 minutes after the move was picked up (Fri 30 Oct, 08:00 UTC).
In the hour before and during the rise, 4 on-chain transfers of $100 million or more moved $848.9M of ETH; the largest, 195,460 ETH ($456.8M), went from an unlabelled wallet to an unlabelled wallet.
US spot ether ETFs lost 27,577 ETH on 27 Oct, the latest day published (the day's figure, from the funds whose issuers' files we read; the move's own day is not in yet).
Picked up at 21:36 UTC from one-minute prices of Binance's ETHUSDT perpetual.
The latest sharp fall
Ethereum has fallen 1.2% in 25 minutes so far, and the move is still running: from $2,292 at 15:46 to $2,265 at 16:11 UTC.
What Plus adds
Plus adds the rest of Ethereum's card: venue detail of the liquidations, taker flow on spot and perpetual markets, the Coinbase premium, the net position of Hyperliquid's largest accounts, exchange flows from our nodes hour by hour and smaller transfers. It also adds every other coin we cover, the archive of past moves with what followed similar ones an hour and a day later, and a browser notification within a minute of a move starting.
How we spot a sharp move
Every minute, about ten seconds after it closes, we read the last trade of each coin's most traded USDT perpetual (Binance's where it lists one, otherwise Bybit's, OKX's or Bitget's) from our own collection. A move opens when the price has fallen or risen, within 15 minutes, 1 hour or 4 hours, by at least four times the coin's own recent volatility scaled to that window, and by at least 1%, 1.5% or 2.5%. Recent volatility is the standard deviation of the coin's five-minute returns over the 7 days that ended 4 hours earlier, so a move never raises its own bar.
The move starts at the high (for a fall) or the low (for a rise) inside that window, and it follows the price while it keeps making new extremes. It ends once an hour passes without a new extreme or the price gives back half of the move. One move, one record: it opens when it starts, updates while it runs and closes when it ends.
What our data saw is read for the move's own window, from its start to its extreme, and for transfers and old coins also the hour before. These are what our data shows; we do not claim a cause our data does not show. Before 14 October 2026 (Bitcoin, Ethereum and Chainlink) or 28 October 2026 (other coins) the archive is built from five-minute prices, so those moves are timed to five minutes.
Where the numbers come from
Prices, liquidations, open interest, funding and options come from our own collection of the venues' public market data; ETF flows from the issuers' own daily files; large transfers, old coins and exchange flows from our own Bitcoin and Ethereum nodes, with organisations named from our own labels and every other party left unlabelled. Liquidations are what the venues report (Binance reports at most one per contract per second, so its totals are lower bounds). ETF flows are the day's figure, which arrives after the US trading day closes. The free figures on this page are licensed CC BY 4.0: credit CryptoKeyhole with a link.
Questions
Why is Ethereum up today?
What counts as a sharp move?
A fall or rise, within 15 minutes, 1 hour or 4 hours, of at least four times the coin's own recent volatility for that window, and at least 1%, 1.5% or 2.5%. For bitcoin that is usually the floor: about six such moves a week.
How quickly is a move picked up?
Within the minute: we read each minute's prices about ten seconds after it closes, so a move is picked up ten to twenty seconds after the minute in which it crossed the line.
Does this page say why the price moved?
It says what our data saw: forced closing of leveraged positions, open interest, funding, ETF flows, large transfers, old coins and options expiry. When none of them stands out, the move came from ordinary buying and selling, which these figures do not split by cause.
Can I get told about the next sharp rise?
Yes, with Plus: a move alert sends a browser notification within a minute of a move starting, for the coins and the size you choose, and one update if it grows.
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Figures on this page are calculated by CryptoKeyhole from our own collection of the venues' market data and our own nodes, and refreshed every minute. They describe what our data saw, not a cause it cannot show.