Gate News reports that on March 30, an analyst from a certain institution pointed out that Ethereum has broken below a key technical support level and is currently exhibiting a bearish flag pattern, which typically indicates that the downtrend may continue. The analyst noted that a similar technical structure appeared in January of this year, after which the price saw a significant decline. On the funding side, trading volume remains persistently low, market participation is insufficient, and Ethereum ETFs have experienced continuous net outflows since September of last year, with no significant improvement recently. At the same time, the minting of USDC has slowed down and turned into net outflows, reflecting that the recovery of liquidity within the ecosystem remains unstable. Under the backdrop of on-chain activity and DeFi demand not showing significant recovery, the demand for Ethereum will still require time to repair.
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
Bitcoin and Ethereum Options Worth $98.7B Set to Expire
Gate News message, April 23 — Bitcoin and Ethereum options with a combined notional value of $98.7 billion are set to expire this month. According to on-chain data, 109,000 BTC options will expire with a put-call ratio of 0.93 and a maximum pain point of $72,000, representing a notional value of $85
GateNews4m ago
Aave Suspends rsETH Reserve Operations Across Ethereum, Arbitrum, and Other Networks to Mitigate Systemic Risk
Gate News message, April 23 — Aave announced it has suspended rsETH reserve-related operations across Ethereum mainnet, Arbitrum, Base, Mantle, and Linea networks to mitigate systemic risk during the asset recovery process.
The measure aims to preserve additional funds while the recovery plan is
GateNews40m ago
Circle Chief Economist Proposes Raising USDC Rates on Aave Amid KelpDAO Fallout
Gate News message, April 23 — Gordon Liao, Circle's chief economist, has proposed raising USDC lending parameters on Aave v3 Ethereum Core this week following a $292 million KelpDAO rsETH exploit that triggered a liquidity crisis across the protocol. Liao's Request for Comment suggests increasing "S
GateNews1h ago
Grayscale Transfers 3,817 ETH and 210 BTC Worth $25.02M to Institutional Custody Platform
Gate News message, April 23 — Grayscale transferred a total of 3,817 ETH and 210.006 BTC to an institutional custody platform approximately 40 minutes ago, according to market sources.
The combined transfer was valued at approximately $25.02
GateNews2h ago
Grab These 3 Promising Altcoins in April 2026 — ETH, XMR, and HYPE
Ethereum powers smart contracts, DeFi, and Web3 with strong long-term ecosystem growth.
Monero ensures private, anonymous transactions using advanced cryptography and strong confidentiality features.
Hyperliquid enables fast decentralized trading with low latency and efficient on-chain
CryptoNewsLand2h ago
