On February 24, 2026, from 03:00 to 03:15 (UTC), ETH recorded a -0.64% candlestick return during a period of high liquidity, showing a continuous slight decline. Amid the recent overall bearish market environment, ETH’s price tested the lower support level during this period without a significant rebound, and increased volatility has attracted market attention. Although the short-term decline was not extreme, it reflected the overall pressure on mainstream cryptocurrencies.
The main drivers of this movement were sustained large-scale capital outflows and structural technical downturns. Over $2.5 billion in weekly net capital outflows, represented by stablecoins, ETFs, and derivatives, weakened buying capacity and created bearish pressure. Meanwhile, ETH’s daily and 4-hour charts display typical bear market patterns, with MACD and RSI indicators in the dominant selling zone. Multiple technical indicators show support levels being broken, indicating strong structural downward momentum.
Additionally, open interest in derivatives markets has decreased, liquidation events in DeFi lending protocols have surged, and leveraged positions have been passively liquidated, amplifying spot selling pressure. On-chain ecosystem activity remains subdued, with ETH’s mainnet net burns totaling $381 million this week and DeFi TVL dropping 13.5%, indicating continued weakening of on-chain capital flows. Recent security incidents within the Ethereum ecosystem combined with macro policy expectation shifts have further undermined market confidence, with short-term price movements amplified by multiple factors.
Currently, ETH is in a structurally weak position, and traders should be cautious of intensified short-term volatility and the potential further breach of key support levels. Going forward, attention should be paid to on-chain capital flows, ETF subscriptions and redemptions, DeFi TVL, and technical signals such as MACD, RSI, and capital flow directions. Users should remain alert to the risk of leveraged liquidations, on-chain security incidents, and macro sentiment changes that could trigger a new round of selling pressure, and stay updated with real-time market and risk information.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
CFTC Allows Bitcoin and Ethereum as Margin Collateral
CFTC permits Bitcoin, Ethereum, and stablecoins as margin collateral with strict valuation haircuts and risk controls applied.
Stablecoins receive lower capital charges than BTC and ETH, reflecting reduced volatility in margin calculations.
Firms must meet reporting, cybersecurity, and ap
CryptoFrontNews1h ago
Boyaa Interactive Plans to Spend No More Than $70 Million on Cryptocurrency Purchases
Boyaa Interactive announced on March 22 that its board of directors recommended shareholders approve the use of up to $70 million in idle cash to purchase cryptocurrencies to support its Web3 business development. The company currently holds 4092 bitcoins, 302 ethereum, and 7.0007 million USDT.
GateNews2h ago
A major whale has accumulated 8,662 ETH in the past month, valued at approximately $18.05 million.
Gate News reports that on March 22, according to Lookonchain monitoring, the whale address 0xC551 bought 1,979 ETH eight hours ago, worth $4.14 million. Over the past month, this whale has accumulated a total of 8,662 ETH, valued at $18.05 million.
GateNews3h ago
Bitcoin Briefly Falls Below $70,000 Mark During Asian Session as Fed Hawkishness and Macro Uncertainty Weigh on Market Volatility
Bitcoin dipped below $70,000 on March 19th, touching a low of approximately $69,537, reflecting the market's reassessment of the Federal Reserve's interest rate decision and inflation outlook. Although it later rebounded to around $70,180, the $70,000 level remains a key support in the near term. With weakening market sentiment, coupled with energy prices and macro risks, capital is turning more conservative, and Bitcoin may consolidate around the $70,000 level going forward.
区块客5h ago
