Ethereum

On 21 January 2026, Trend Research was identified as a major buyer of Ethereum during the latest market pullback, building a position of 636,815 ETH valued at about $1.98 billion. The firm is using a leveraged DeFi strategy involving Aave, Binance, and USDT borrowing to expand its exposure, signaling a long-term, cycle-driven view on Ethereum rather than a short-term trade.

Noble, a stablecoin-focused blockchain, said on Tuesday it will move from the Cosmos SDK to a standalone EVM layer-1, targeting a March 18 launch. The team cited stronger tooling and developer accessibility, and claimed over $22 billion in transaction volume since 2023, 30,000 monthly active users, and liquidity coverage for 50+ blockchains.

Ethereum has extended its decline from the $3,200 resistance, breaking below $3,000 and the 100-hourly Simple Moving Average while testing lows near $2,910. With a bearish trend line capping price around $3,020 and major support clustered near $2,880, ETH faces the risk of further losses unless buyers can defend this zone and trigger a rebound toward $3,120–$3,150.

Bitcoin and Ether revisited more-than-two-week lows as markets reacted to US President Donald Trump's new tariff threats. On Tuesday, the S&P 500 fell 1.9%, gold hit a record, and total crypto capitalization slipped to $2.71 trillion, down from nearly $3 trillion the prior Wednesday.

Since January 6, ETH net taker volume has posted a $390 million positive imbalance, the largest buy-side skew since January 2023. CVD stands at -3,676 ETH and price is holding above $3,000, while Hyblock reports roughly $540 million in net longs near $3,100. These signals indicate renewed futures participation, with trend resilience hinging on daily closes above $3,000.

Swissblock said a key market-cycle gauge for Ethereum has shifted to "predominance," echoing leadership seen in Q2 2025. Staked supply has reached 47% (77.85 million ETH) as BitMine added 1.7 million ETH worth $5.56 billion in recent weeks. CoinShares also noted $496 million of ETH inflows into U.S. spot ETFs last week.

Ethereum is showing a strong on-chain accumulation band between $2,772 and $3,119, suggesting a key support area above $3,000. According to analyst Ali Martinez, many holders last bought ETH in this zone, which could limit downside risk unless price breaks decisively below $2,772. A sustained move above $3,119 may reinforce bullish momentum, while a drop under the range alongside ETF outflows could trigger a deeper correction.

An official Ethereum update on January 19 said adoption by major institutions has accelerated, with 35 firms — including BlackRock, JPMorgan, and Fidelity — launching products on the network. Recent releases span tokenized stocks, money market funds, stablecoins, and bank deposits, alongside activity by JPMorgan, Societe Generale, Stripe, SoFi, and Google.

On January 15 in Las Vegas, BitMine Immersion Technologies secured 81% shareholder approval to boost its authorized share count, backing its equity-funded plan to grow its Ethereum holdings. The firm now holds 4,203,036 ETH, or about 3.48% of the 120.7 million ETH in circulation, while BMNR shares closed 8% lower at $28.35 on January 20 with heavy, though below-average, trading volume. BitMine also detailed a $200 million investment agreement in Beast Industries linked to Jimmy "MrBeast" Donaldson, which is expected to close this week.

At the start of 2026, Galaxy Head of Research Alex Thorn highlighted a death cross on the ETH/BTC daily chart as the 50-day moving average fell below the 200-day moving average. While the signal went largely unnoticed amid early-year optimism, Ethereum has since dropped harder than Bitcoin, with sharper price declines and larger 24-hour liquidations as the market sell-off accelerates.