2026-03-12 15:15 to 2026-03-12 15:30 (UTC), ETH fluctuated within 1.15%, with price rising from 2047.22 USDT to 2070.72 USDT, achieving +0.94% gains. During the same period, market attention increased, trading volume expanded significantly, volatility enhanced compared to daily levels, and on-chain activity and capital flow data expanded synchronously, indicating concentrated efforts from bullish forces. The main driving forces behind this price movement stem from concentrated on-chain capital inflows and technical upgrade expectations resonance. On-chain data shows that during the anomaly period ETH activity

March 12, 2026, 09:30 to 09:45 (UTC): During this period, ETH price range was 2039.29 to 2062.42 USDT, achieving a +1.00% return rate within 15 minutes, with volatility reaching 1.13%. Market fluctuations intensified, overall attention increased significantly, and on-chain activity strengthened synchronously, displaying typical characteristics of rapid capital flow and institutional pushing power. The primary driver of this price movement stems from obvious on-chain capital inflow and direct stimulus from Ethereum 2.0 upgrade news. Within this time window, the number of on-chain ETH transactions

Ethereum network activity hits a record high, but prices have not kept pace, with daily active addresses approaching 2 million. Capital flow has become the main driving force, with inflows to trading platforms surpassing Bitcoin. Although ETH accounts for 52% of stablecoin supply, the market remains focused on capital movement. It is expected that by 2026, ETH prices could rebound to $3,000.

Institutional funds are flowing back into the Bitcoin market, with the US stock spot Bitcoin ETF recording a net inflow of $167 million, while investments in Ethereum and others are continuously withdrawing. The current price of Bitcoin is approximately $71,000. Analysts believe that under the influence of the macro environment and geopolitical factors, institutions prefer Bitcoin. Long-term institutional holdings are still increasing, with future target prices possibly ranging from $110,000 to $170,000. On the technical side, $72,000 is an important resistance level, and a drop below $65,000 could trigger a correction.

Ethereum network activity reaches a record high, but ETH prices have not risen accordingly, and on-chain transaction fee revenue has not significantly increased. Transaction data shows that the correlation between on-chain activity and price has weakened, with new demand not translating into higher ETH valuation, leading to net capital outflows from the market. Stablecoins still dominate the Ethereum ecosystem, but overall economic activity is dispersed across layer 2 networks, indicating a separation between network usage and asset value capture.

Oracle will release its Q3 earnings report on March 10, with the market focusing on its AI investment returns. The company announced a $50 billion financing plan for data center construction, and progress in its $300 billion partnership with OpenAI has attracted attention. Analysts predict that Oracle will optimize costs through layoffs and asset divestitures, expecting to free up $8-10 billion in free cash flow.

Oracle recently faced difficulties due to the expansion of AI data centers, and media reports prompted the company to issue two statements to clarify the situation. The company plans to lay off employees to address cash shortages and revealed that the expansion plan with OpenAI has been abandoned. ORCL's stock price dropped significantly, and the market is pessimistic about its free cash flow prospects.

Gate News Report, March 10 — According to Gate Market Data, at the time of press, FLOW (Flow) is trading at $0.05, up 33.61% in the past 24 hours. It reached a high of $0.05 and fell back to a low of $0.03. The current market capitalization is approximately $90.1 million, an increase of $2.27 million from yesterday. Flow is a leading consumer blockchain network trusted by millions of users and global institutions including PayPal, NBA, and Disney. As the future of consumer DeFi, Flow offers institutional-grade financial products and secure, risk-adjusted returns for the mass market. Flow features purpose-driven design optimized for consumer DeFi applications, with MEV resistance, native VRF randomness, and automated on-chain triggers.

Aon completes the first stablecoin insurance premium payment pilot, utilizing stablecoin technology to improve capital flow efficiency. The pilot collaborates with crypto exchanges and stablecoin issuers to demonstrate flexibility across multiple blockchains, aiming to evaluate the application of regulated stablecoins in insurance services.