ETH Price Movement Analysis

ETH Price Movement Deep Dive Attribution Report from 2026-05-07 14:30 to 14:45 (UTC)

1. Event Description and Data Overview

During the time window from 14:30 to 14:45 (UTC) on May 7, 2026, the ETH token experienced a return of -0.59%, with a price movement. According to Gate market data, ETH/USDT is currently trading at approximately $2,300, with a 24-hour decline of about 2.83% (Gate market data). This report will conduct a step-by-step attribution analysis based on on-chain data, trading volume, position changes, capital flows, and other quantitative indicators to clarify causal relationships and risk factors.


2. On-Chain Data and Trading Volume Analysis

2.1 On-Chain Activity and Trading Volume

From January to May 2026, on-chain active addresses and trading volume for ETH remained high. Glassnode data shows that the number of new active addresses increased from 4 million to 8 million in January 2026. Daily trading volume reached 2.81 million transactions on January 15, 2026, with active addresses surpassing 107,000 (Analytics Insight, 2026-01-16

ETH-2.55%
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