Ethereum prices continue to weaken after the latest round of selling, currently hovering around $2,260, with a 24-hour decline of approximately 2.8%. The price has broken below the key psychological level of $2,300, while trading volume has simultaneously increased, indicating growing market divergence and higher short-term volatility risk for ETH.
From a market performance perspective, Ethereum has experienced significant fluctuations over the past week within the $2,120 to $3,034 range, but the overall trend remains clearly bearish. The cumulative decline over 7 days is about 24%, and over 30 days nearly 28%, retracing more than half from the 2025 high of $4,946. Meanwhile, spot trading activity has noticeably increased, with 24-hour trading volume surpassing $47 billion, and capital flows are active but have not stabilized the price.
Derivatives markets also signal caution. Futures trading volume has surged, but open interest has slightly decreased, indicating traders are more inclined to reduce positions rather than increase bets on a rebound. This structure typically suggests the market remains defensive.
On-chain indicators further raise alerts. CryptoQuant analyst CryptoOnchain pointed out that the 14-day moving average of Ethereum transfer counts has risen to about 1.17 million transactions. Historically, similar surges in network activity occurred in early 2018 and mid-2021, both followed by significant price corrections. While high trading volume may also reflect increased usage, in the context of falling prices, it more likely indicates pressure from asset reallocation.
Technically, ETH remains in a clear downtrend. The price continues to be constrained by the 20-day moving average, and the lower Bollinger Band has been broken, indicating expanding downward volatility. The daily RSI is approaching 30, with no signs of momentum reversal. If ETH cannot regain stability above $2,300 and push toward $2,700, any rebound may be short-lived correction.
If ETH can hold the $2,150 to $2,200 range in the short term, there may be room for a technical retracement; otherwise, a breach of this zone could lead the market to reassess the support at $2,000. For investors monitoring Ethereum price movements, ETH technical analysis, and on-chain data changes, maintaining high vigilance at this stage is essential.
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
Robert Kiyosaki warns of a “fake coin” crash, insisting Bitcoin is the safest asset for 2026
Robert Kiyosaki, in a recent post, said that Bitcoin and Ethereum could become the safest investments of 2026, because the United States continues to print money, debt is rising, and inflation is worsening. He criticized the safety of U.S. Treasuries as “the biggest lie,” and noted that real assets and cryptocurrencies can preserve wealth during inflation. His investment recommendations include holding Bitcoin, gold, silver, and commodities. Although some of his predictions weren’t accurate, some of his long-term predictions have come true.
MarketWhisper1h ago
ETH 15-minute surge of 0.97%: Tightened on-chain net outflows and DeFi lockups both supporting the price rise
2026-04-05 15:15 to 2026-04-05 15:30 (UTC), during this period ETH’s return within 15 minutes was +0.97%, the price range was 2040.32 to 2063.89 USDT, and the amplitude reached 1.15%. During this period, market attention increased, volatility clearly intensified, and short-term capital remained active, driving ETH slightly higher.
The main drivers of this abnormal move are ETH’s net outflows from exchanges and the persistently high DeFi locked-in amount. According to on-chain data, the 24-hour net outflow amount reached -11,970.54 E
GateNews2h ago
ETH 15-minute drop of 0.62%: Large funds withdrawing in size and ETF net outflows converging to amplify volatility
From 2026-04-05 12:30 to 12:45 (UTC), the ETH price range is 2022.11 to 2037.82 USDT. The 15-minute K-line return is -0.62%, and the amplitude is 0.77%. Against the backdrop of elevated on-chain activity, market attention has increased, volatility has picked up, and this reflects stronger short-term risk-averse sentiment.
The main driver behind this unusual move is that large funds have continued flowing out of exchanges. Data shows that in the past 24 hours, ETH net outflows were as high as -11,970.54 coins, and in the $1M-$10M range, large net outflows were -5
GateNews4h ago
10x Research: Tether’s USDT issuance on Ethereum surpasses Tron—ETH could become the main beneficiary of stablecoin growth
10x Research noted that over the past five years, Ethereum (ETH) has performed lackluster, with its price trading around $2,000, mainly due to weak on-chain activity leading to insufficient demand. After falling 57% from its 2025 peak, ETH’s current valuation remains low, while capital accumulation is still ongoing; USDT’s issuance has surpassed Tron, sparking discussion that ETH could become a leading beneficiary of stablecoin growth. Analysts are now re-evaluating ETH’s potential turning point.
GateNews6h ago
