GWEI (ETH Gas) fluctuated by 56.3% in 24 hours: Layer-2 activity and transaction volume surged in resonance

Volatility Brief

In the past 24 hours, the price of GWEI rebounded from a low of $0.050187 to a high of $0.07844, currently priced at $0.06901, with a fluctuation range reaching 56.3%. Trading volume increased significantly, ranging from $10.8697 million to $27.2886 million, with a total market cap of approximately $120 million.

Analysis of Unusual Movement

• Increased Layer-2 network activity pushed GWEI's price up by 29.4%-33.3% within 24 hours, with trading volume surging to $22.7 million.

• On-chain transaction activity rose, with price ranging from $0.05031 to $0.07101, showing clear signs of capital inflow, though there are no significant whale transaction records.

Market Views and Outlook

Community sentiment is mainly focused on trading signals, with a short-term bullish outlook but caution advised for potential pullbacks. For example, Finora AI indicates a bearish turn if the price falls below $0.05667; otherwise, it may retest the high of $0.06270. Mainstream forecasts expect the price to rise to $0.0714 around April 12, but attention should be given to possible corrections after overheating.