ETH short-term decline of 1.08%: Extreme panic sentiment and capital flow leading to short-term selling dominated by BTC

Between 16:30 and 16:45 (UTC) on February 26, 2026, ETH experienced a significant price decline. Candlestick data shows a return of -1.08%, with the price ranging from 2008.21 to 2034.52 USDT, and an amplitude of 1.29%. Market attention increased sharply, short-term volatility intensified, and typical risk-averse sentiment spread across the industry.

The main driver of this movement was extreme market panic and capital flow into mainstream safe-haven assets. The Fear and Greed Index dropped to 16/100, indicating very low risk appetite among investors, with increased stop-loss and position reduction activities. Meanwhile, Bitcoin’s dominance reached 57.9%, while ETH’s dominance was only 10.5%. Large funds rapidly shifted into safe-haven cryptocurrencies like BTC, leading to insufficient buying support for ETH and directly pressuring its price.

Additionally, on-chain Gas fees for ETH fell to 0.17 Gwei, network activity sharply declined, and on-chain transaction demand weakened temporarily. Derivatives markets saw large liquidations during this period, with spot prices following suit. Sell orders on the order book increased, buy-side depth was insufficient, further driving down the price. Technical indicators showed abnormal volatility across multiple dimensions, with the market entering a high-volatility zone. Short-term trend indicators were weak, with no signs of rebound momentum. Multiple factors resonated, causing rapid short-term fluctuations.

Currently, ETH’s volatility risk remains high, dominated by short-term selling pressure. There are no clear fundamental bullish or bearish drivers, and market sentiment is fragile. Close attention should be paid to on-chain capital flows, the distribution of funds among major cryptocurrencies, and derivatives market dynamics. Support and resistance levels, on-chain activity, and macro sentiment changes are key indicators. Users should remain alert to further short-term volatility and monitor upcoming market developments.