Today, January 19, 2026, Ethereum (ETH) is navigating a period of high volatility, currently trading around $3,212. Despite a recent 3% pullback, the underlying structure remains cautiously bullish. The network is seeing record-breaking activity, with daily transactions hitting all-time highs and massive institutional inflows ($12.9B cumulative net inflows into ETFs). However, this growth is currently clashing with broader macro-uncertainty, causing a "risk-off" sentiment across the crypto market. Traders are watching for a consolidation phase before a potential push toward the $3,400 resistan