February 28 News: Ethereum is currently fluctuating around $1,950, down about 4% in the past 24 hours, approaching the seven-day lower boundary. Over the past month, ETH has declined by approximately 35%, still about 60% below its all-time high of $4,946. The daily trading volume is around $22.5 billion, a 25% decrease from the previous day, indicating a clear cooling of market participation and a cautious attitude among investors.
On-chain analyst Darkfost pointed out that the buy-sell ratio in the derivatives market is experiencing subtle changes. During ETH’s recent rally, the futures buy-sell ratio remained below 1 for an extended period, with the monthly reading dropping to 0.95 and the weekly average falling to 0.92, showing persistent seller dominance and amplifying downward pressure on prices. With futures trading volume holding around $65 billion, derivatives are significantly influencing the spot price.
Recent data shows the ratio gradually rebounding toward 1, with multiple daily peaks exceeding 1.12, reflecting increased active buying. The monthly reading has risen to around 0.99, easing previous supply-demand imbalances. If the buy-sell ratio remains above 1, it indicates that bulls are gaining the upper hand in short-term futures positions, which could help stabilize Ethereum’s price.
From a technical perspective, ETH has been forming lower highs and lower lows since breaking below $3,000, indicating a continued bearish trend. The current price is below the middle band of the Bollinger Bands, with the midline around $1,980 to $2,000, serving as short-term resistance. The Bollinger Bands, after a significant expansion, are now converging, suggesting volatility is decreasing. The RSI has rebounded from the oversold zone of 25-30 to about 40, showing some momentum recovery but not yet confirming a trend reversal.
Key support levels are at $1,850 to $1,880. If broken, the price could decline toward $1,700 to $1,750. Resistance levels are at $2,000 first, followed by a strong zone between $2,120 and $2,200. For investors monitoring Ethereum’s price movements and technical signals, changes in the buy-sell ratio and trading volume will be important indicators for identifying potential turning points.
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 new collateralized entity added 167,600 ETH to its collateral, bringing its total collateral to 3.31 million ETH
Gate News message: On March 31, according to Onchain Lens monitoring, a certain staked entity added 167,578 ETH worth approximately $342.4 million in new collateral. Currently, the entity’s total staked holdings have reached 3,310,221 ETH, with a total value of approximately $6.7 billion.
GateNews34m ago
The European Crypto Initiative (EUCI) is renamed to the Ethereum European Institute (EEI)
The European Crypto Initiative has officially been renamed the European Ethereum Institute, emphasizing Ethereum’s importance in Europe’s digital economy. The EEI will provide independent analysis, address relevant regulatory issues, and connect developers with policymakers.
GateNews1h ago
BTC & ETH Entering a New Era? Analysts Say Yes — This Platform Is Already Paying Real BTC Rewards
Grayscale called it the “dawn of the institutional era.” Bitwise predicted Bitcoin will break its four-year cycle and set new all-time highs. Bitcoin Suisse published a scenario where Bitcoin approaches $180,000 and Ethereum reaches $8,000 on the back of Fed rate cuts and accelerating institutiona
CryptoPotato1h ago
Ethereum Teams Propose ‘Economic Zone’ to Unify Layer-2 Ecosystems
A new collaborative framework proposed by developers from Gnosis and Zisk, with support from the Ethereum Foundation, aims to knit Ethereum’s sprawling layer-2 ecosystem into a more cohesive execution fabric. The initiative, dubbed the Ethereum Economic Zone (EEZ), envisions cross-rollup
CryptoBreaking1h ago
ETH drops 0.59% in 15 minutes: whale transfers to exchanges and increased futures short positions are the main drivers
2026-03-30 23:00 to 2026-03-30 23:15 (UTC), ETH’s return rate over 15 minutes was -0.59%. The price range was between 2013.89 and 2033.15 USDT, with a swing of 0.95%. During this period, market volatility was significant, attention increased, and it reflected the market’s high sensitivity to short-term abnormal moves.
The primary driver behind this abnormal movement is a whale address transferring a large amount of ETH to a certain exchange platform. Specifically, address 0xb5Ab transferred 50,000 ETH for the first time in 9 years, and the market widely interpreted it as a substantial increase in potential sell pressure.
GateNews1h ago
