2026-01-16 19:25:05

Ethereum currently presents an interesting divergence—on-chain data and institutional movements send bullish signals, but short-term technical indicators are signaling a different story.

From a fundamental perspective, Ethereum's staking ecosystem is accelerating its expansion. As of the latest data, the total staked ETH has surpassed 36 million, reaching a new all-time high, accounting for 29.6% of the circulating supply. This figure not only reflects investor confidence but also signifies a substantial enhancement in network security. Meanwhile, institutional funds continue to flow in steadily. Just looking at spot ETFs reveals the trend—daily net inflows reach $164.37 million, with BlackRock's clients purchasing $149 million worth of ETH. Such a scale of institutional allocation is clearly not a small move.

On-chain activity is also booming. Daily transaction counts have hit a new record of 2.8 million, and active addresses have doubled to 1 million. These data points indicate that the practical applications within the Ethereum ecosystem are thriving, and user engagement remains robust.

However, the technical picture has suddenly shifted. The 7-period EMA has crossed below the 25-period EMA, and the MACD indicator shows negative momentum, which in technical analysis typically signals short-term downward pressure. The price is also underperforming, trading below the middle line of the Bollinger Bands and even approaching the lower band. More concerning is that the $3,280 support level has been tested multiple times but has not held, and the resistance at $3,400 remains unbroken.

This divergence between fundamentals and technicals is a true reflection of the current market—institutions are allocating, users are active, and the network is strengthening, but short-term technical pressures still exist.

ETH-0,58%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
6
Repost
Share

Comment

0/400

SilentAlpha

· 13h ago

Institutional buying frenzy, data turning red, why isn't it moving up? --- 36 million ETH staked, BlackRock investing 149 million... The fundamentals look really promising, but the technicals just won't cooperate, so annoying. --- Wait, 2.8 million transactions daily, 1 million active addresses, this ecosystem is clearly growing... Why worry about short-term dips? --- It's just oscillating at the bottom now, institutions will eventually recoup their investments in this round, let's just wait patiently. --- It's really frustrating that 3280 can't hold, but based on the fundamentals, even if it breaks, it won't lead to a massive crash. --- Staking volume hits new highs, ETF net inflow of 160 million in a single day... This market should be rising, but the technicals are holding it down. --- With such high on-chain activity, institutions are continuously entering, yet the technicals are singing a different tune, it's absurd. --- Looking forward to the day it can stabilize above 3400. Once it breaks through, it feels like it's about to take off.

View OriginalReply0

AirdropHunter007

· 13h ago

The fundamentals are crazy bullish, while the technicals are still struggling... This is what you call institutions bottom-fishing. The institutions' recent buying is really aggressive, with BlackRock pouring in $149 million in one go, showing that the big players are not looking at short-term charts at all. Staking 36 million ETH is truly impressive; the network is becoming more secure. But why is the price still hugging the lower Bollinger Band? Feels like it's being suppressed. With 2.8 million transactions daily, the ETH ecosystem isn't as虚虚虚... It's just that the short-term technicals are a bit weak. Wait, institutions are accumulating ETH. How long can the short-term downward pressure last? Feels like they are clearing out retail investors. Active addresses have doubled to 1 million. What does this data indicate? The ecosystem's vitality is still there, and the negative signals in the technicals might just be a smokescreen. I don't quite understand—on one hand, the fundamentals are exploding, but on the other hand, the technicals are failing. Is this the so-called "accumulation" phase?

View OriginalReply0

AirdropHunterXiao

· 13h ago

Institutions are疯狂吸筹, but the market just won't cooperate, this is unbelievable. --- The fundamentals are so strong, why is it still falling? Even BlackRock is buying. --- Wait, the pledge volume hits a new high but the price is still dropping? I can't quite understand it. --- Can the short-term technical resistance really withstand so many institutions buying in... --- I just want to know what happens if the 3280 level breaks—will it slide down directly or rebound? --- With 2.8 million transactions daily and active addresses doubling, it shows the ecosystem is still alive. The short-sellers can't even push it down. --- Bollinger Bands touching the lower band is risky, but institutions are buying. Why is this buy-sell situation so tangled? --- It feels like the market makers are deliberately suppressing the price to get institutions to buy in—classic move. --- With so much staking, it indicates many people are optimistic long-term. Why would it drop in the short term? --- Is a negative MACD really that scary? No one really looks at these old indicators anymore.

View OriginalReply0

SmartMoneyWallet

· 13h ago

BlackRock invests 149 million, and then the technical analysis immediately shows a death cross? I see through this trading tactic—it's just to shake out retail investors' chips. The $3280 support level is unstable, indicating that institutional buying isn't that firm either. 2.8 million transaction records look good, but has the trading volume really kept up? I think it's just retail following the hype. Staking 36 million ETH sounds impressive, but 29.6% of the supply is locked up. Isn't that just reducing liquidity? In the short term, this is a negative signal.

View OriginalReply0

MetaverseLandlord

· 13h ago

The fundamentals are extremely strong, but the technicals are terrible. This is the current market situation. I think, while institutions are quietly buying, us retail investors are scared out of our minds by the technicals. It's hilarious. Staking volume has broken 36 million. With this data, institutions should be jumping in too. Blackstone bought 149 million. Who do you think can hold up? The short-term technical pressure is just a shakeout, don't believe it? Just wait and see. If the fundamentals weren't so solid this time, I would have cut my losses already. The technicals are messing with people's mindsets. Institutions are accumulating aggressively, and we're still debating whether EMA is crossing or not. The gap, everyone.

View OriginalReply0

GateUser-7b078580

· 13h ago

Although... the data shows institutions are buying, but 3280 still hasn't stabilized Miners are consuming too much, we need to wait a bit longer in the short term On-chain activity is quite high, but hourly pressure is still there. The pattern observed is that it feels good when rising, but all indicators flip when falling Staking volume hits a new high? Fine, I just believe in the fundamentals. The technical mechanisms are unreasonable and will collapse sooner or later 2.8 million transactions sound impressive, but support levels are still an issue BlackRock bought $149 million? Wait a bit longer, the real entry point is at the historical lows

View OriginalReply0