January 20 News, as the overall crypto market remains under pressure, Ethereum (ETH) experienced significant on-chain movements in January 2026. Multiple large transfers indicate that whale wallets and some institutions have moved a total of over $110 million worth of ETH in the short term, drawing high market attention to potential selling pressure.
On-chain data tracking shows that a long-term ETH holder, with an active history of over eight years, recently transferred approximately 13,000 ETH to a major trading platform, valued at about $43 million at the time. Despite this transfer, the address still holds over 34,000 ETH, indicating it has not fully exited its position. Meanwhile, an Ethereum custody-related institution has also been continuously selling some ETH, totaling over $8 million, but still maintaining a position worth more than $100 million.
Additionally, a wallet believed to be associated with an Asian venture capital firm transferred nearly 7,800 ETH to another mainstream trading platform. These tokens had been staked for nearly two years, and after re-entering circulation, short-term supply pressure has increased. The market generally views such net inflows into trading platforms as potential sell signals, but industry insiders also point out that these transfers do not necessarily mean immediate selling; they could be used for asset rebalancing, collateral arrangements, or hedging operations.
From the demand side, sentiment in the US market remains weak. The premium indicator, which reflects the strength of dollar-denominated ETH demand, continues to stay in negative territory, suggesting insufficient institutional buying momentum. This signal, coupled with recent macroeconomic uncertainties, also explains one of the reasons for ETH’s lack of a strong rebound.
However, under the shadow of selling pressure, the fundamentals of the Ethereum network still show resilience. Currently, the number of ETH waiting in the staking queue to enter the validator system reaches 2.7 million, with an average wait time of nearly 47 days. The number of withdrawal requests is significantly lower, indicating a strong willingness among long-term participants to contribute to network security and earn staking rewards.
On the technical analysis front, some analysts believe ETH is in a re-accumulation zone, and if market sentiment improves, there is still room for the price to test $3,600. According to the latest market data, ETH is trading at approximately $3,166, with short-term volatility likely to revolve around whale movements, staking demand, and macro risks. For investors interested in Ethereum price trends, whale transfers, and on-chain data, the coming weeks may become a critical observation window.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The Ethereum Foundation teamed up with Biconomy to launch ERC-8211: AI agents can handle multiple DeFi contract interactions in a single transaction
The Ethereum Foundation and Biconomy have teamed up to launch the ERC-8211 standard, enabling AI agents to dynamically execute multi-step DeFi actions within a single signed transaction, determining parameters in real time based on on-chain state and overcoming the static limitations of ERC-4337. This standard does not require a fork at the protocol layer, making it easier for developers to adopt and further accelerating the integration of AI and DeFi automation.
動區BlockTempo1h ago
SUI Will Overtake Ethereum: Mysten Labs Co-Founder Makes Bold Call
A bold statement from Mysten Labs has pushed Sui back into the spotlight, especially as the conversation around scalability and real-world crypto payments continues to evolve. The claim centers on one idea. Future financial systems will demand fast and near-free transactions, and that
CaptainAltcoin3h ago
Bitmine Acquires 71,252 ETH, Nears 4% of Ethereum Supply With Massive Holdings
Bitmine has accumulated 4.8M ETH, nearly 4% of the supply, while expanding staking operations to generate up to $282M annually. With $11.4B in total holdings, the firm plans to list on the NYSE, solidifying its status as a leading Ethereum holder.
CryptoFrontNews5h ago
BlackRock charges an 18% commission on staking rewards for its Ethereum staking ETF; multiple experts assess costs and risks
BlackRock’s iShares Staked Ethereum Trust launched in March under its brand, with a management fee of 0.25% and a staking-reward commission of 18%. Industry insiders believe the commission includes multiple costs, and it may decrease in the future. Some people question whether such a high fee is justified, especially when comparing it to staking rates for retail investors.
GateNews7h ago
Ethereum falls below $2,200, with the 24-hour gain narrowing to 6.1%
Gate News update, April 8, market data shows that Ethereum fell below the $2,200 mark, and the 24-hour gain narrowed to 6.1%.
GateNews8h ago
ETH drops 0.85% in 15 minutes: ETF inflows weaken and large holders cut positions, triggering spot selling pressure
2026-04-08 14:30 to 14:45 (UTC), the ETH spot market saw a rapid pullback, with the return rate recording -0.85%. The candlestick price range fluctuated between 2202.51 and 2227.59 USDT, with a swing amplitude of 1.13%. During this period, trading volume rose by about 10% versus the previous hour on a quarter-hour basis, short-term market volatility intensified, and mainstream investor attention noticeably increased.
The main driving force behind this unusual move is that the ETF capital inflow momentum, which was strong on April 6, significantly weakened on April 8; institutions and some of the capital that had flowed in earlier chose to realize profits in the spot market, bringing concentrated selling.
GateNews8h ago
