2026-01-20 01:12:38

Ethereum's recent trend has been steady, holding the $3,200 support level and successfully stabilizing after a pullback from $3,300. The data behind this market movement is quite interesting—daily trading volume surged by 128%, reaching a high of $27 billion, indicating a clear increase in market enthusiasm.

Stronger signals are coming from the capital side: since December 29, spot ETFs have been continuously net buying 158,000 ETH, amounting to approximately $500 million. On-chain data also looks good, with active addresses doubling to over 800,000, and staking volume reaching a new all-time high, suggesting long-term holders are gradually accumulating.

From a technical perspective, there are three clear target levels above: $3,400, $3,660, and further up, the $4,000 psychological barrier. Looking at volume, capital flow, and on-chain activity, all three dimensions show a positive resonance.

ETH-3.78%

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BlockTalk

· 10h ago

Trading volume surges by 128%? This data is a bit too perfect, it always feels like a slap in the face coming back around. However, institutions are really buying, and this signal still needs to be taken seriously. The record high in pledge history is indeed solid.

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GasFeeCryBaby

· 10h ago

270 billion trading volume surges? Is this really the moment to take off, or is it just the eve of another retail trap... Hold steady at 3200, aiming for 4000? Dream on, breaking 3400 would be a blessing ETF continues to buy in, no wonder institutions are quietly accumulating, while retail investors are still idling Staking hits a new high? Do these people really believe in long-term value? I only trust short-term gains haha Explosive trading volume like this often signals a trend reversal, everyone be cautious

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RatioHunter

· 10h ago

Spot ETF aggressively bought 158,000 ETH, this pace is quite fierce... Are long-term believers quietly accumulating? Staking at high levels + active addresses doubling, it seems the bottom consensus is strengthening, 4k doesn't seem so far away Daily trading volume skyrocketed to 27 billion, this enthusiasm is indeed different, but I'm always worried it's another rebound trap Wait, can 3660 really break? Feels like it's always stuck around this level

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ContractCollector

· 10h ago

Can 3400 really be broken? It feels like this wave of increase is too fast.

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CountdownToBroke

· 10h ago

Here we go again with the storytelling. A 128% surge in trading volume sounds impressive, but is it really different this time? The net buy-in of spot ETFs looks quite solid, but that 4000 level... have you ever touched it? The new high in staking is indeed interesting. Long-term holders are accumulating, alright, I also remain optimistic.

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