On February 17, 2026, from 14:30 to 14:45 (UTC), ETH price experienced a short-term decline of 1.34%. This fluctuation occurred during a high-liquidity period when European and American markets intersected, accompanied by increased order book volatility, and the market showed a phased wait-and-see attitude toward Ethereum’s future direction. On-chain data indicates that the ETH mainnet saw a net outflow of up to 21,395.6 ETH within the previous 24 hours, significantly reducing short-term market liquidity support and acting as a trigger for this price decline.
The primary driver of this movement was large-scale on-chain fund transfers out of exchanges, further tightening the liquidity available for buy orders. This shift in fund flow reinforced risk-averse actions among some investors. Additionally, since 2025, Ethereum has undergone two major upgrades, including Pectra and Fusaka, with related technological benefits gradually absorbed by the market. Some holders chose to realize profits after the upgrades, creating short-term profit-taking pressure that weighed on the price during critical liquidity moments.
Meanwhile, the Layer 2 network ecosystem continues to expand, with daily transaction volume now surpassing that of the mainnet, and Gas fees dropping to a historic low of around $0.04. The phased decline in mainnet demand and increased fund migration have added selling pressure. Coupled with frequent speculative activities during the European and American market overlap, this amplified the resonance of short-term sell-offs. Additionally, since the beginning of the year, ETH has experienced significant gains, and profit-taking from floating gains has further pressured the price.
Investors should pay particular attention to short-term volatility risks. Monitoring key support levels for ETH and on-chain fund outflows is essential, along with being alert to macro news impacts. Going forward, attention can be given to developments in the Layer 2 ecosystem, changes in mainnet demand, and market behavior during key trading periods, along with more real-time market data and depth 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
Ethereum nắm giữ 54% tổng nguồn cung stablecoin – Tron kiểm soát phần lớn số còn lại
Dữ liệu từ Artemis cho thấy Ethereum chiếm 53,9% nguồn cung stablecoin, trong khi Tron nắm giữ 27,7%. Cả hai mạng này cùng nhau nắm tới 80% tổng cung, phản ánh cấu trúc thị trường "Two-Chain".
TapChiBitcoinJust Now
Dream Back to 2015! Crypto Castle Comedy Recounts the Bitcoin $250 Era
"Crypto Castle" is a YouTube sitcom created by actor Viv Ford that tells the story of Bitcoin's early days in 2015, centering around the lives and ideals of a group of early adopters. Ford aims to explore the evolution of cryptocurrency culture and the idealism of early participants in a lighthearted and humorous manner, reflecting how the essence of this culture has gradually been distorted as the market matured. The show airs free on YouTube, intending to change viewers' preconceived notions about cryptocurrency.
MarketWhisper53m ago
ETH Up 1.03% in 15 Minutes: Ecosystem Upgrade Announcement Triggers Concentrated Capital Inflow
From 2026-03-19 03:15 to 03:30 (UTC), ETH price increased by 1.03% within a 15-minute period, with a price range of 2205.05 to 2233.75 USDT, reaching an amplitude of 1.30%. Driven by the event, market attention and trading activity increased simultaneously, with significant short-term volatility escalation.
The primary driver of this price movement was a technical upgrade announcement regarding smart contract performance optimization released by an ETH ecosystem-related project at 03:10 (UTC). Following the public disclosure of the news, the market showed a positive reaction in a short time frame, with capital flows from large wallets and institutions
GateNews1h ago
Bank of Japan Holds Steady: Takaichi Calls for Caution, Iran Conflict May Increase Inflation Pressure
The Bank of Japan maintains its benchmark interest rate at 0.75% unchanged, while warning that the Iran conflict could push up energy prices and create inflationary pressure. In the short term, inflation may fall below 2%, but the Middle East situation and rising oil prices could continue to impact prices. Markets are focused on wage negotiation progress, as wage growth will affect future rate hike decisions.
GateNews1h ago
