ETH (Ethereum) increased by 1.83% in the past 24 hours

Gate News Bot Message, January 27th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is trading at $2910.13, up 1.83% in the past 24 hours, with a high of $3064.39 and a low of $2785.90. The 24-hour trading volume reached $28.475 billion. The current market capitalization is approximately $351.236 billion, an increase of $6.297 billion from yesterday.

Ethereum is a decentralized open-source blockchain network and software development platform powered by the cryptocurrency Ether (ETH). Ethereum is the secure, global foundation for the next generation of unstoppable applications. The Ethereum network is open to everyone, permissionless, without owners, built and maintained collectively by thousands of individuals, institutions, and users worldwide.

Ether (ETH) is the native cryptocurrency of 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.

Ethereum is a leading platform for issuing, managing, and settling digital assets, providing a secure and neutral foundation for the digital economy—from tokenized currencies and financial instruments to real-world assets and emerging markets. Currently, DeFi has a locked value of $14.05 billion, with Ethereum’s value protected at $10.66 billion. The average transaction cost is only $0.0015, with 12.56 million transactions in the past 24 hours.

Important recent ETH news:

1️⃣ Strong institutional and whale interest, large buy orders continue to flow in
Ethereum treasury companies like BitMine have accelerated accumulation during recent price corrections, with BitMine purchasing 20,000 ETH ($58.22 million) from FalconX and staking 184,960 ETH again, reaching a total staked amount of 2,128,160 ETH valued at $6.22 billion. Meanwhile, an OTC whale has bought over 70,000 ETH worth more than $200 million in the past five days. On-chain data shows large addresses frequently buy in the $2600 to $3000 range, reflecting confidence in ETH’s long-term prospects. Trump-supported WLFI has converted a large portion of its Wrapped Bitcoin holdings into Ethereum, selling about 93.77 WBTC and buying 2,868.4 ETH at an average price of approximately $2,813, totaling over $8 million, indicating a strategic shift towards Ethereum by institutions.

2️⃣ Staking ecosystem thriving, validator participation hits record highs
The number of ETH queued for staking on the Ethereum PoS network remains high at 3,125,624 ETH, worth about $90.1 billion, with an estimated activation delay of approximately 54 days and 6 hours, reflecting sustained strong staking demand. The staking withdrawal queue on Ethereum’s PoS network has been fully cleared, meaning stakers can now almost immediately withdraw ETH, showing continued market confidence in staking yields. Two ETH staking wallets from centralized exchanges have withdrawn a total of 13,000 ETH ($37.64 million), further confirming a long-term trend of funds migrating to non-custodial storage.

3️⃣ Network activity hits new highs, on-chain application demand continues to expand
The seven-day average of active addresses has risen to about 718,000, setting a new record. On-chain transaction volume has reached multi-year highs, indicating ongoing demand for block space from DeFi, NFT, and RWA applications. In the past 24 hours, the total on-chain contract liquidations amounted to $766 million, with long positions liquidated at $601 million and short positions at $165 million. ETH long liquidations totaled $205 million, and short liquidations $66.5344 million, showing active market participation during high volatility periods.

4️⃣ Technical roadmap update, self-validation scheme returns to core agenda
Ethereum co-founder Vitalik Buterin recently reversed his 2017 stance, endorsing the previously rejected “user self-validation” approach. With the maturity of cryptographic technologies like zero-knowledge proofs (ZK-SNARKs), users can quickly verify blockchain correctness without re-executing all transactions. Buterin reintroduced the “mountaineer scheme,” making full self-validation the ultimate fallback for Ethereum, providing resistance to censorship and bargaining power amid political and technical uncertainties. This renewed focus on the technical route further solidifies Ethereum’s position as the most resilient public blockchain infrastructure.

5️⃣ Cross-chain ecosystem expansion and institutional innovation drive application boundary extension
Singapore-based blockchain platform DigiFT launched the US stock yield fund bEQTY on the Ethereum public blockchain, extending tokenization into actively managed listed stocks. Nasdaq-listed fintech company DeFi Technologies’ subsidiary Valour Inc. has received approval from UK regulators to offer Bitcoin and Ethereum exchange-traded products to retail investors in the UK starting January 26, 2026. These developments indicate accelerated integration of traditional finance and digital assets within the Ethereum ecosystem.

6️⃣ Short-term price fluctuations accompanied by shifts in capital flow, key support levels maintained
Recently, ETH price has oscillated between $2800 and $3064, repeatedly facing selling pressure near $3000. However, on-chain exchange reserves continue to decline, indicating shrinking seller supply and capital concentration among long-term holders. An early Ethereum whale, dormant for nine years, recently transferred 50,000 ETH to market-related addresses. While seen as a potential profit-taking move, the account still holds about 85,000 ETH, with a market value close to $244 million, reflecting more of a position adjustment than a full retreat. The market shows clear betting sentiment: large buy orders support the price, while some early holders are gradually exiting, forming a short-term game of tug-of-war.

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