March 4 News: Ethereum (ETH) prices have recently hovered between $1,980 and $1,990, failing to break through the key psychological level of $2,000. Santiment data shows that the number of daily active addresses on Ethereum has reached 837,200, a ten-year high. New wallet creations are about 284,800 per day, a 64% increase compared to five years ago, indicating sustained growth in network activity.
On-chain data indicates that over the past week, large whales holding 10,000 to 100,000 ETH accumulated about 120,000 ETH on Sunday and Monday, with a net inflow of 320,000 ETH. Meanwhile, smaller wallets holding 100 to 1,000 ETH sold approximately 210,000 ETH. U.S. investors remain cautious, with spot Ethereum ETFs recording $38.6 million in inflows. The sentiment index remains positive, showing buying interest is still steady.
In the futures market, ETH short positions have recently narrowed significantly, indicating a weakening of speculative shorting pressure. Long liquidation pressures are concentrated in the $1,900–$1,950 range, while shorts above $2,000 are gradually increasing. Glassnode data shows strong support around $1,800, with about 1.23 million ETH traded at an average of $1,890 over the past 30 days.
Technical indicators show the Relative Strength Index (RSI) at around 43, indicating weak momentum but not yet oversold. Key resistance levels are at $2,020, $2,050, and $2,080, with a break above $2,120 potentially opening the door to $2,200. Support levels are at $1,960 and $1,932; a drop below $1,895 could trigger further decline toward the $1,850–$1,820 range.
Overall, whale accumulation on dips and record-high network activity provide support, but prices remain constrained by technical resistance, with short-term volatility clearly defined. Market analysts suggest paying attention to the breakout of the $2,000 level and the battle between bulls and bears to gauge the next trend.
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
Tempo Launch Ignites AI + Stablecoin Track: Machine Payment Protocol Goes Live, AI Agents Can Trade Autonomously
The Tempo blockchain project launched its mainnet on March 19, introducing a Machine Payment Protocol (MPP) designed to enable AI agents to conduct automated transactions. Built on stablecoins, the project aims to improve payment efficiency and reduce on-chain congestion. Tempo's implementation is regarded as a significant advancement in the convergence of AI and blockchain, with potential to bring new growth models to the digital economy, though it still faces challenges related to security and regulatory compliance.
GateNews22m ago
Ethereum Shows Increased Volatility as Bitkub Issues Price Alert
Ethereum has experienced increased volatility in recent trading sessions, according to data shared by Bitkub. Over a 24-hour period, Ethereum recorded an average price movement of approximately -3.95%, reaching a high near 75,852 Thai baht and a low around 70,350 baht. This price range reflects
Coinfomania27m ago
Ethereum Staking Rate Breaks Through 31%, Institutional Inflows Accelerate Supply Squeeze
Ethereum's staking rate broke through 31.1% in March, reaching an all-time high, while centralized exchange ETH reserves fell to a new low. This has created a tightening effect on circulating supply, attracting institutions like BlackRock and Grayscale to accelerate staking. Staking activities demonstrate institutional confidence in Ethereum and may further influence ETH price. Supply tightening helps stabilize prices, but does not necessarily lead to appreciation.
MarketWhisper39m ago
OpenClaw Integrates Satellite AI, First-Time Achievement of Space Remote Control of Ground Robots
China's Guoxing Aerospace and Shanghai Jiao Tong University have successfully collaborated to demonstrate remote intelligent control of humanoid robots on the ground using the open-source AI agent OpenClaw in space. This technology validation marks the first practical application of space computing power and signals that it will become fundamental infrastructure for AI computing in the future, particularly in scenarios where ground networks are limited. Guoxing Aerospace plans to build a computing network that includes 2400 inference satellites by 2035.
MarketWhisper49m ago
A certain entity has spent $187 million to buy 86,268 ETH through 4 wallets since March 10.
Since March 10, 4 wallets suspected to be the same entity have spent 187.31 million USDT to purchase 86,268 ETH at an average price of $2,171. These wallets sold 53,799 ETH at $3,578 over a year ago, and analysts believe they may control other wallets.
GateNews1h ago
