Ethereum holds the $3000 support level, institutions continue to buy, driving the upward momentum

2026-01-20 01:25:55

Source: DigitalToday Original Title: Ethereum Maintains $3000 Support Level… Gaining Momentum for Rise Original Link:

Ethereum(ETH) remains strong after breaking below the $3400 resistance level, maintaining support above $3000.

According to blockchain media reports, increased staking demand, inflows into spot ETFs, and robust technical support are jointly driving Ethereum’s upward momentum.

Currently, over 2.6 million ETH( worth approximately $8.3 billion) are queued for staking, with an average wait time of 44 days. This is the highest since July 2023. Network validators are choosing to stake rather than sell ETH, leading to a supply shortage. A research institution leader stated that this phenomenon has previously driven Ethereum prices higher, and the outlook remains optimistic.

The demand from institutional investors is also clearly increasing. Data shows that since November 2025, strategic ETH holdings and ETF inflows have grown by about 10%, reaching a total of 12,227,000 ETH. Notably, the largest ETH holder recently added about $625 million worth of 186,560 ETH for staking, signaling strong buying interest.

Analysts predict that if the $3170 support level holds, the price could continue to rise. Technical analysts say that the 21-day simple moving average(SMA) support level is crucial; if it holds, there is even potential to break through $4000.

Based on technical structure analysis, the main expectation is to test the $3800 region. The 21-day moving average has already held, which is a key level, and it has been well maintained. The market is now ready to create new highs and continue the upward trend.

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