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
Wintermute: The level that ETH truly needs to watch is around $1,600, and institutional demand has not yet returned.
Wintermute Market Report shows that BTC has recently failed multiple times to break through $70,000, with volatile price movements and thin liquidity. ETH has fallen below $1,900, with attention on the psychological level of $1,600. Institutional demand has not returned, market confidence is lacking, and trading activity is predominantly selling. Although high-net-worth investors have shown brief interest in some altcoins, this interest has not persisted. The overall market is not ready to make proactive moves.
GateNewsBot6m ago
Capital withdrawal accelerates! US Bitcoin and Ethereum ETFs see over $250 million in net outflows in a single day, with institutional sentiment clearly weakening.
February 24 News, there is a clear redemption wave in US spot Bitcoin and spot Ethereum ETFs. Data shows that on that day, the net outflow from the spot Bitcoin ETF was approximately $204 million, while the spot Ethereum ETF also saw an outflow of $49.48 million, with a total daily capital outflow of $253 million. This large-scale capital withdrawal occurred after Bitcoin's price briefly fell below the critical $65,000 level, combined with macroeconomic uncertainties caused by expectations of US tariff policies, leading to a significant decline in risk appetite in the crypto market.
GateNewsBot6m ago
Ethereum Foundation Launches 70,000 ETH Staking Program, Vault Revenue Model Fully Upgraded
February 24 News, the Ethereum Foundation has officially launched its vault staking program, with the first batch of approximately 70,000 ETH already staked. The staking rewards generated will be directly funneled back into the Foundation's vault. This move aligns with its previously announced vault management policy, marking the start of the institutional-level native Ethereum staking strategy into practical implementation, and also strengthening the long-term sustainability of funds.
In terms of technical architecture, the Foundation has chosen the open-source distributed signer Dirk and verification coordinator software Vouch as a combined solution. Dirk deploys signing nodes across different regions to reduce single points of failure and enhance system resilience; Vouch supports a hybrid configuration of multiple beacon clients and execution clients to mitigate potential network risks caused by client centralization. Additionally, its validator infrastructure adopts a minority client strategy and combines custodial resources with self-built hardware deployments across multiple jurisdictions to improve decentralization and operational stability.
GateNewsBot38m ago
Bitmine buys the dip again! Tom Lee is optimistic about Ethereum with "three major bullish factors" supporting it
Bitmine Immersion Technologies increased its holdings by 51,162 ETH, bringing the total to 4.42 million ETH, accounting for 3.66% of the total supply. The market value is approximately $8.7 billion, making it the publicly listed company with the largest ETH holdings worldwide. Chairman Tom Lee stated that the reason for holding ETH is optimistic about its future potential, and 68.7% of the ETH has been staked, which is expected to generate substantial passive income.
区块客50m ago
Data: In the past 24 hours, the entire network has liquidated $375 million, with long positions liquidated at $291 million and short positions at $83.7468 million.
In the past 24 hours, the total liquidation amount across the entire network reached $375 million, with long positions liquidated at $291 million and short positions at $83.7468 million. Both Bitcoin and Ethereum experienced significant liquidations, affecting a total of 124,467 people. The largest single liquidation was $2.9532 million.
GateNewsBot59m ago
