Ethereum

Ethereum traded around $1,987–$1,991 in late March 2026 as spot Ethereum ETFs logged a seven-day run of net withdrawals, including $92.54 million on March 26. Weekly indicators described in the report kept ETH/USD in a downtrend, while ETH/BTC held near 0.03004 (+0.10% weekly) with narrowing negative momentum. Fundstrat veteran Tom Lee reiterated long-range scenarios that include $12,000 and an outsized $250,000 case tied to much higher Bitcoin assumptions.

Grayscale research head Zach Pandl says digital asset treasuries (DATs) are regaining stability after sustained headwinds since late 2025. Firms including Strategy, BitMine, and MARA have used new financing structures, staking income, and diversification moves, while forced sell-offs were described as limited with DATs turning into net accumulators in recent weeks.

Crypto markets weakened on Friday as traders refocused on rising Treasury yields rather than crude. Bitcoin fell back below $69,000 while ether also declined, with the U.S. 10-year yield hovering around 4.42% and hopes of near-term Iran de-escalation fading.

On Thursday, crypto ETFs stayed under pressure, led by $171.22 million in net outflows from bitcoin ETFs while ether ETFs logged their seventh straight day of redemptions at $92.54 million. Blackrock’s IBIT saw $41.92 million leave, and ETHA recorded a $140.24 million exit even as ETHB brought in $96.81 million. Solana ETFs slipped by $1.04 million, while XRP ETFs showed no trading activity with assets unchanged at $949.15 million.

Crypto ETF flows turned negative on March 26 as Bitcoin ETFs logged $171.3 million in net outflows and Ethereum ETFs posted $92.5 million in net outflows. The shift came as markets eyed a large options expiry, with about $16.4 billion in Bitcoin and Ethereum contracts set to expire this Friday.

BitMine Immersion Technologies said it unveiled its Ethereum staking platform MAVAN on Wednesday, after reporting 3,142,643 ETH staked as of Tuesday, 24 March. The firm said it held 4.6 million ETH (about 3.8% of total supply) and plans to stake the full balance, citing a potential $300M in annual revenue at a 2.83% 7-day BMNR yield. It added that an extra 5 million ETH would still be needed to overtake Lido, which was reported to have nearly 9 million ETH staked.

Ethereum held on exchanges has dropped to its lowest level since 2016, while Binance's ETH reserves are at their smallest since 2020, pointing to tighter circulating supply. On March 22, analyst Amr Taha flagged a $1.67 billion ETH withdrawal from OKX, and February saw roughly 31.6 million ETH leave major exchanges. Staking has also climbed to about 38 million ETH, around 33% of total supply, as ETH traded near $2,181 on March 25.

Ether (ETH) fell 6% between Wednesday and Thursday, retesting $2,050 as risk-off sentiment weighed on crypto markets. A sustained move above $2,400 may depend on reversing three signals: $298 million of net spot Ether ETF outflows since March 18, a weekly Ethereum DEX volume average of $9.4 billion (about 50% below late-2025 levels), and a 2% annualized premium in 2-month ETH futures.

An unmarked wallet executed a single $106.98 million ETH purchase recorded this week, standing out as Ethereum consolidates after weeks of selling pressure. Arkham Intelligence said the transaction's buying behavior resembles prior accumulation patterns linked to Bitmine, while noting the address identity is not confirmed. ETH was shown trading at $2,075 on the weekly timeframe, up 1.03% after opening at $2,053 and reaching $2,199 before pulling back.

Nvidia is facing a shareholder class action alleging it failed to properly disclose how much gaming GPU revenue was driven by Ethereum mining demand during fiscal 2018. The U.S. Supreme Court is reviewing a 9th Circuit decision that let the case move forward, with the investor class spanning Aug. 10, 2017 to Nov. 15, 2018. The dispute follows a May 2022 SEC settlement in which Nvidia paid $5.5 million over disclosure issues tied to fiscal Q2 and Q3 2018.