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
A major whale has accumulated a total of 4,010 ETH over the past three days, worth approximately $7.97 million.
Gate News Report, March 7 — According to @ai_9684xtpa monitoring, addresses starting with 0xA6A have accumulated a total of 4,010 ETH over the past three days, with a total value of approximately $7.97 million and an average cost of $1,989. In the past hour, this address added 2,160 ETH at an average price of $1,978, worth about $4.27 million. Currently, this portion of ETH held by the address is unrealized at a loss of $21,800.
GateNews27m ago
Whale address 0x65b4 bought 6,228 ETH 10 hours ago at an average price of $2,007.
Gate News Report, March 7 — According to on-chain data analyst Yu Yan monitoring, whale address 0x65b4 bought ETH 10 hours ago, spending 12.5 million USDC to acquire 6,228 ETH, with an average price of $2,007. This address previously spent 32.58 million USDC to buy ETH and BTC after the market declined on October 11 last year, then sold in November, incurring a loss of $830,000.
GateNews1h ago
Price Predictions 3/6: BTC,ETH,BNB,XRP,SOL,DOGE,ADA,BCH,HYPE,XMR
Bitcoin (CRYPTO: BTC) faced a renewed test after a brief relief rally, sliding back below the $68,500 mark as sellers reasserted control. The move comes after the asset briefly flirted with the $74,000 threshold, a level that previously functioned as a ceiling during the latest ascent. Traders now e
CryptoBreaking1h ago
A whale deposited 2.18 million USDC into HyperLiquid and opened a 10x leveraged short position on ETH.
Gate News Report, March 7 — Onchain Lens monitoring shows that a whale address starting with 0x218A deposited 2.18 million USDC into HyperLiquid and opened a 10x leveraged short position on ETH. This whale has previously accumulated profits of over $11.8 million.
GateNews2h ago
Why Ethereum’s Path to $2.5K Could Be Tougher—Here’s Why
Ether faced renewed selling pressure as global markets retreated and traders priced geopolitical risk into risk assets. After a brief move up to $2,200, ETH slipped roughly 6% in the session, as US equities cooled and oil and gas shipments in the Middle East disrupted supply lines. The macro
CryptoBreaking2h ago
Vitalik proposes replacing Casper FFG with Minimit to upgrade Ethereum's finality mechanism
Vitalik Buterin proposed on the X platform to replace Ethereum's finality component Casper FFG with Minimmit, claiming it offers better security and recoverability. Minimmit requires only one round of signatures, reducing the fault tolerance threshold to about 17%, which can enhance the network's competitiveness and coordinated recovery ability under attack.
GateNews2h ago
