ETH (Ethereum) decreased by 1.78% in the past 24 hours

Gate News Bot Message, January 13th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is trading at $3,097.83, down 1.78% in the past 24 hours, with a high of $3,303.56 and a low of $3,052.51. The 24-hour trading volume reached $18.963 billion. The current market capitalization is approximately $373.892 billion, ranking second.

Ethereum is a decentralized open-source blockchain network and software development platform supported by the cryptocurrency Ether (ETH). Ethereum is the next-generation unstoppable application security and global infrastructure, open to everyone without permission, without owners, built and maintained by thousands of individuals, organizations, and users worldwide.

Ethereum offers a variety of application scenarios: as digital cash, stablecoins maintain stable prices on Ethereum, allowing users to make instant global payments or store value in digital dollars; as a financial system, Ethereum’s decentralized finance (DeFi) system is open 24/7 to anyone with an internet connection, supporting lending, interest income, and other services; hundreds of second-layer networks are built on Ethereum, enabling users to enjoy low fees and near-instant transactions while benefiting from Ethereum’s proven security; applications built on Ethereum do not sell user data, allowing users to participate in a wide range of innovative applications—from social media to gaming to work—while maintaining privacy and access rights; from art to real estate to stocks, any asset can be tokenized on Ethereum to prove and verify ownership digitally, enabling users to buy, sell, trade, and create assets and collectibles anytime and anywhere.

Ether (ETH) is the native cryptocurrency supporting the Ethereum network, used to pay transaction fees and secure the blockchain through staking. Beyond its technical role, ETH is an open, programmable digital currency used for global payments, as collateral for loans, and as a store of value independent of any central entity.

Recent Important ETH News:

1️⃣ Institutional Staking Continues Hot, Large Holdings Further Consolidate BitMine has increased its holdings by 154,208 ETH over the past week, worth approximately $479 million, with total staked ETH reaching 1,344,224 ETH (worth $41.5 billion). In comparison, the weekly increase has slowed, reflecting cautious behavior among institutions at high levels. BitMine’s chairman stated 2026 will be the “year of crypto price recovery.” As the largest buyer of new Ethereum funds globally, their continued accumulation provides bottom support for the market, despite recent slowing in staking pace.

2️⃣ US Ethereum ETFs See Significant Net Outflows, Institutional Allocations Diverge Today, 9 US Ethereum ETFs experienced a total net outflow of 42,299 ETH, worth about $131.25 million, contrasting with Bitcoin ETF net outflows of 3,734 BTC. This divergence indicates that institutional investors are more cautious about Ethereum’s short-term prospects. While large holders like BitMine continue to accumulate, mainstream institutional allocations are showing more divergence.

3️⃣ Market Liquidation Pressure Eases, Key Price Levels Still Risky In the past 24 hours, the entire network experienced liquidations totaling $232 million, with Ethereum long positions accounting for the largest share at $30.225 million. Data shows that if ETH falls below the $2,967 to $3,000 range, liquidations on major centralized exchanges could reach $1.001 to $1.025 billion; conversely, if it breaks above $3,269 to $3,300, short liquidations would be only $638 million to $887 million. The asymmetry in long and short liquidations reflects greater liquidity pressure from bullish market sentiment.

4️⃣ Application Ecosystem Continues to Expand, Mixed Signals on Stablecoin Burn USDC Treasury burned 100 million USDC on the Ethereum chain. The Trump family’s World Liberty Markets lending platform is scheduled to go live, supporting ETH and stablecoins USDC, USDT, and other assets. This indicates that Ethereum’s application foundation in stablecoins and real-world assets remains solid.

5️⃣ Dislocation Between Long-term Narrative and Short-term Sentiment Standard Chartered has lowered its Ethereum price forecast for the end of 2026 to $7,500 (from $12,000), but still expects Ethereum to “significantly outperform the market” in 2026, with ETH/BTC returning to a high of 0.08. Vitalik Buterin released a century-long blueprint emphasizing Ethereum’s need for autonomous “can be withdrawn at any time” features, covering quantum resistance, scalability, and long-term data storage. Social media sentiment has fallen back to levels seen before the 2025 rally, similar to market lows before technical bottoms in the past. The orderly progress of long-term mechanisms and strategic upgrades contrasts sharply with current short-term bearish sentiment, suggesting the market may be undergoing a valuation reset.

Technical Outlook: Ethereum’s current trading price is within a head-and-shoulders pattern, with key support at $2,880 (neckline). A confirmed break below this could lead to approximately 20% downside. The $3,090 to $3,110 zone is the most critical upside battle area, containing a large amount of historical cost basis. Short-term holders may face profit-taking pressure, but the proportion of 1-week to 1-month holders has dropped significantly to 3.9%, indicating decreasing short-term selling pressure.

This message is not investment advice. Please be aware of market volatility risks.