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
Mega Bank's Director Rui-bin Zhuang tests stablecoin remittances, but the costs of blockchain are misunderstood.
Mega Financial Holding Co. held a media briefing on the 10th. Chairman Dong Rui-bin revealed that to objectively compare the efficiency of bank and blockchain remittances, Mega Bank mobilized 17 countries worldwide and 25 overseas branches last year for testing. Branch staff opened accounts at local legal exchanges and used the virtual asset trading platform BitoPro to trade USDT stablecoins, transferring 50 USDT each time back to Taiwan, and compared this with traditional bank cross-border wire transfers.
The results showed that stablecoins do have advantages for small-scale cross-border remittances. However, for remittance amounts exceeding the equivalent of NT$200,000 (about $7,000 USD), banks remain more cost-competitive.
Mega Experiment: Banks Are More Cost-Effective for Transfers Over $7,000 USD
The test results indicated that in the scenario of "paying NT$ in Taiwan and receiving local currency at the destination," bank wire transfers generally arrive within about 2 hours, with a fee of approximately
ChainNewsAbmedia15m ago
ETH drops 1.07% in 15 minutes: whale fund concentration triggers short-term pullback
March 10, 2026, 18:00 to 18:15 (UTC), ETH's return within the 15-minute candlestick was -1.07%, with price fluctuations ranging from 2049.1 to 2073.15 USDT, an amplitude of 1.16%. During the same period, market trading volume significantly increased by over 32%, large on-chain fund flows occurred frequently, triggering short-term market sentiment fluctuations, rapidly increasing attention, and intensifying volatility risks.
The main driver of this abnormal movement is the concentrated sell-off by whale funds. On-chain data shows that within this time window, there were four large transfers exceeding 5000 ETH, all flowing to a major...
GateNews42m ago
Tom Lee’s BitMine Acquires 60,976 ETH, Holdings Now $10.3B
Bitmine Immersion Technologies reports total assets of $10.3 billion, including 4.53M ETH. With 3.04M ETH staked, it generates $174M annually at a 2.91% yield. The firm seeks to reach 5% of total ETH supply and is expanding its staking infrastructure.
CryptoFrontNews3h ago
