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Odaily reported that Ethereum has recently shown strong rebound momentum, with multiple technical and on-chain indicators suggesting it may soon challenge the $2,800 level in the short term. On Monday, ETH trading volume increased, breaking the previous bearish pennant pattern on the daily chart and reclaiming key moving averages, including the 20-day EMA ($2,072) and the 50-day EMA ($2,210). Technically, the symmetrical triangle pattern indicates that if the price breaks above the upper boundary, the theoretical upside could reach $2,850, corresponding to the 200-day EMA. Meanwhile, the next resistance is near the 100-day EMA at $2,500. On-chain data shows that Ethereum faces concentrated resistance in the $2,770–$2,880 range, where more than 7.9 million ETH are held by long-term holders. Additionally, the cost basis distribution reveals an accumulation of over 3 million ETH near $2,800, providing a potential path for the price to reach this level in the short term. Considering multiple factors, $2,800 could become a key target for Ethereum in the next phase. (Cointelegraph)

Golden Ten Data reported on March 16 that the Bank for International Settlements (BIS) urged policymakers not to overreact to the surge in global energy prices triggered by the Iran crisis, stating that this is a textbook case of a shock that should be "ignored," especially when such shocks prove to be temporary. This month, oil prices soared by 40% and wholesale natural gas prices jumped nearly 60%, reminiscent of 2022—when Russia invaded Ukraine and the global economy restarted after the pandemic, causing inflation rates to spike. The Federal Reserve, the European Central Bank, and other major central banks raised interest rates to their highest levels in decades, but were criticized for responding slowly due to misjudging the impact as merely temporary. Although BIS called for caution in its latest report, financial markets have quickly adjusted their expectations, betting that central banks will not repeat the same mistakes. "If this is a supply shock, especially a temporary one, this is exactly the textbook case where it should be ignored rather than responded to with monetary policy," said the BIS chief economic adviser. He added that, given the memories of 2022 are still fresh, the rapid shift in market rate pricing may well be "a feature of this era."

Foresight News reports, according to Cointelegraph, prediction market activity has surged as traders flock to contracts related to the escalation of the US-Iran conflict. Token Terminal data shows that for the week ending March 9, Polymarket and Kalshi reached nominal trading volumes of $2.49 billions and $2.85 billions respectively, both hitting all-time highs. Dune data indicates that the total nominal trading volume across all prediction markets has reached $14.5 billions, with 2.8 million unique users.Meanwhile, US regulators and lawmakers are tightening controls. US Democratic Senator Adam Schiff introduced the DEATH BETS Act on Tuesday, aiming to amend the Commodity Exchange Act (CEA) to explicitly prohibit federally regulated prediction markets from listing contracts related to war, terrorism, assassination, and individual deaths. Previously, six Polymarket traders were suspected of insider trading after profiting $1 million by accurately betting on the US attack on Iran.