ETH (Ethereum) increased by 7.00% in the last 24 hours

Gate News Bot Message, January 14th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is trading at $3,323.18, up 7.00% in the past 24 hours, with a high of $3,353.08 and a low of $3,052.51. The 24-hour trading volume reached $31.086 billion. The current market capitalization is approximately $401.09 billion, an increase of $26.257 billion from yesterday.

Ethereum is a decentralized open-source blockchain network and software development platform powered by the cryptocurrency Ether (ETH). Ethereum represents the next generation of unstoppable applications, providing a secure, global foundation. The network is open to everyone, permissionless, and without an owner, built and maintained by thousands of people, organizations, and users worldwide.

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

Important recent news about ETH:

1️⃣ Whales and institutions continue to accumulate, strengthening bullish momentum
The “pension-usdt.eth” whale, during ETH’s breakout above $3300, has a 3x leveraged long position of 20,000 ETH with an unrealized profit of $4.55 million; a major whale opened a new position 2 hours ago with 1,600 ETH worth $5.32 million; another whale opened a large long position of $13 million worth of ETH. Meanwhile, Bitmine has increased its staked ETH by approximately 94,400 ETH over the past week, with total staked assets reaching $4.77 billion, indicating institutional investors’ optimistic outlook on ETH in the medium to long term. These large buy orders and staking activities continue to support the price increase.

2️⃣ On-chain ecosystem applications demonstrate value, attracting institutional allocation
Ethereum plays a central role in the stablecoin ecosystem, handling over two-thirds of Revolut’s stablecoin payment volume, which reached $10.5 billion in 2025, a 156% year-over-year increase. Ondo Finance has approximately 77% of its assets deployed on Ethereum, accounting for 11.6% of the total TVL in the Ethereum RWA (Real World Asset) sector, highlighting its key role in on-chain physical asset settlement. Additionally, the strategic partnership between Safe and Ethena Labs aims to promote gasless transactions and high-multiplier reward incentives on Ethereum. Currently, about $6.6 billion in stablecoins are held in Safe multisig custody. The expansion of these ecosystem applications boosts investor confidence in ETH’s fundamentals.

3️⃣ Positive technical signals coexist with risk management considerations
Technical analysis indicates that ETH’s downward momentum has weakened, and it has re-entered the upward channel since April last year, with theoretical targets of $5,413 and an aggressive target of $7,155, laying the groundwork for subsequent rises. However, liquidation data shows that if ETH falls below $3,161, the liquidation of longs on major exchanges could reach $1.442 billion; if it breaks above $3,489, short liquidations could reach $629 million, indicating strong bearish pressure at high levels. In the past 24 hours, total liquidations across the network amounted to $209 million, with ETH short liquidations reaching $29.85 million, surpassing long liquidations, reflecting that bulls are gradually taking profits during the breakout.

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