ETH (Ethereum) increased by 1.15% in the last 24 hours, currently at $3127.29

Gate News Bot Message, January 12th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is trading at $3,127.29, up 1.15% in the past 24 hours, with a high of $3,303.56 and a low of $3,052.51. The 24-hour trading volume reached $12.19 billion. The current market capitalization is approximately $377.447 billion, an increase of $4.302 billion from yesterday.

Important recent news about ETH:

1️⃣ Institutional continuous staking boosts ecosystem lock-in value
Bitmine has recently increased ETH staking scale consecutively, with total staked amount surpassing 1.05 million ETH, valued between $330 million and $340 million. This series of large staking operations reflects institutional investors’ ongoing confidence in Ethereum’s long-term value. The expansion of staking scale means more ETH is locked within the ecosystem, reducing market liquidity supply and potentially providing upward price support.

2️⃣ Early investors significantly reduce holdings, creating historic profits
Early Ethereum investors sold a total of 154,076 ETH over the past two days, realizing profits of approximately $274 million. While this transaction demonstrates profit-taking by holders, it also validates Ethereum’s long-term appreciation potential since its lows. These investors bought at an average cost of $517 and have achieved a 344% return. Large-scale reduction may exert some short-term supply pressure but is also a normal adjustment in a long-term upward cycle.

3️⃣ Social sentiment bottoming out signals potential rebound
Currently, Ethereum’s discussion volume and sentiment on social media have fallen to extremely low levels, similar to the levels before the market started in early 2025. Historical experience shows that when market participants are extremely pessimistic and choose to “give up” on an asset, it often signals the night before a price rebound. After a similar wave of extreme pessimism, ETH surged nearly 70% within four months. The current bearish sentiment indicates a relatively limited chance of a sharp price decline.

4️⃣ Ecosystem roadmap focusing on long-term expansion
The Ethereum Foundation co-CEO confirmed that zero-knowledge proof technology has become a core part of the network’s mid-term roadmap. The native zkEVM plan will enable the network to default to zero-knowledge proof verification of transactions, significantly reducing network security costs and enabling scalability without sacrificing decentralization. This technological upgrade lays a foundation for long-term ecosystem development and demonstrates a commitment to continuous innovation and performance optimization.

5️⃣ Derivatives market risk focus on key support levels
$3000 and $3227 are recent critical levels for long liquidation strength. Falling below $3000 will trigger $882 million in long liquidations, while breaking above $3227 corresponds to $458-487 million in short liquidations. The current price at $3127 is between these two risk zones, with bullish positions under pressure but not at critical levels. The short-term trend will be repeatedly tested between these two key points.

This message is not investment advice. Please be aware of market volatility risks.