Ethereum

BlackRock’s spot Bitcoin and Ethereum ETFs recorded combined net withdrawals of roughly $443 million across the March 23–27 period. Bitcoin’s IBIT saw mixed flows that ended with a $201.5 million single-day outflow on March 27, while Ethereum’s ETHA posted uninterrupted selling through the week, totaling about $285.1 million.

Solana has overtaken Ethereum in all-time unique developers, reaching 10,864—nearly 20% more than ETH—alongside rising on-chain engagement. Over the past 60 days, USD1 supply on Solana increased from $160 million to $850 million while the network saw $200-$300 million in daily stablecoin volume, and analysts say SOL/ETH holding near 0.04 could support a push back toward 0.05 in Q2.

Crypto ETFs finished the week under pressure as bitcoin spot ETFs posted $225.48 million in net outflows and ether ETFs extended an eight-day outflow streak with $48.54 million leaving. Trading remained active at $3.39 billion for bitcoin ETFs and $1.16 billion for ether ETFs, while net assets closed at $84.77 billion and $11.52 billion, respectively. Solana ETFs saw a $7.84 million outflow and XRP ETFs recorded no trading activity.

Ethereum's network mix is shifting, with L2 usage easing while liquidity remains centered on L1. February 2026 data shows the L2-to-L1 DAU ratio falling to 1.12, alongside about $163.3 billion in mainnet stablecoins and Ethereum's 58% share of the $16.5 billion RWA market.

Ethereum whale activity climbed sharply, with large-holder transactions rising from 123 on March 21 to 2,055 on March 24, a reported 1,500% jump. The count later cooled to about 239 transactions, while indicators cited in the report noted a bullish SuperTrend for the first time in 10 months and an MVRV move into a buy zone. Separately, Ethereum developers outlined a post-quantum security push, including a roadmap targeting quantum-resistant upgrades by 2029.

Ethereum slipped under the $2,000 level on Friday, March 27, hitting a two-week low as broader risk-off pressure weighed on crypto markets. The move coincided with more than $110 million in ETH long liquidations and left ETH around $1,980, down nearly 3% over 24 hours and over 7% across seven days. Over the past week, US spot Ethereum ETFs also posted about $158 million in net outflows, extending a seven-day negative streak.

Ethereum moved back above $2,000 on March 28, trading around $2,024 after sliding to a March 27 low of $1,971. The rebound followed an all-time high futures Estimated Leverage Ratio of 0.99495738, a reading that coincided with elevated open interest relative to exchange reserves. Leverage later eased to about 0.976 as positions unwound, while development activity rankings still showed MetaMask mUSD and other Ethereum-based projects leading by GitHub commits.

Lido has proposed a one-time buyback of about 8.5% of LDO’s circulating supply, funded by 10,000 stETH from the Lido DAO Treasury. At $2,000–$2,100 per stETH, the allocation equals roughly $20–$21 million and would purchase around 70 million LDO if approved. The move comes as Lido argues LDO has lagged ETH sharply, while whale wallets have sold nearly 80 million LDO since the October crash.

Ethereum saw whale accumulation of $19.8 million as 9,976 ETH left Binance, tightening near-term exchange liquidity while ETH hovered around the $2,000 area. The token has remained range-bound between $1,928 support and $2,175 resistance, with spot inflows rising to $26.33 million and a $30.95 million liquidity cluster forming near $2,030.

BlackRock's staked Ethereum fund attracted $155 million on its first trading day, while ETH remained down more than 55% from its roughly $4,953 high in August 2025. In February 2026, daily active Ethereum addresses rose toward 2 million and smart contract interactions exceeded 40 million per day, even as the token fell about 30% over the past six months.