Bitmine transferred 86,400 ETH into Ethereum's staking deposit contract, with on chain data indicating the batch was worth about $266.3 million. At the same time, chart analyses showed Ethereum breaking out of a prolonged falling channel, trading above $3,000 and outlining potential cycle targets toward the $6,400 area and beyond.

On Jan. 9, U.S. spot Ethereum ETFs recorded about $93.8 million in net outflows, with BlackRock’s iShares Ethereum Trust contributing roughly $83.8 million of that total. Over the same period, ETH traded near $3,123 within a tightening falling wedge pattern, highlighting a market poised for a potential breakout or renewed downside.

BlackRock accumulated Bitcoin and Ether over a three-day span via ETF-linked wallets, during which both assets advanced before retracing part of their gains. Onchain data indicates inflows of 9,619 BTC and 46,851 ETH from Coinbase Prime-linked addresses into BlackRock's ETF custody wallets. Bitcoin briefly moved above $90,000 and tested the $93,000 to $94,000 range, while Ether climbed past $3,100 toward $3,300 before both cooled off and settled above their initial levels.

Ethereum has moved above a 12-hour descending channel and is trading over $3,000, with technical targets around $3,410, $3,770 and $4,250. At the same time, Ethereum-linked networks closed 2025 with record monthly transactions, led by Base, Polygon PoS and Arbitrum, while recent price action into early January favors a continued push higher if $3,000 holds.

By Jan. 4, Bitcoin rebounded above $91,000 after a New Year selloff that sent prices toward $87,000, briefly pressured by Venezuela-linked U.S. strike headlines. The market later steadied near $91,243 after stalling just under $92,000. A longer-term rising channel remains intact, pointing to an ongoing multi-year uptrend into early 2026.

On Jan. 3, early reports of U.S. airstrikes in Venezuela and subsequent airspace warnings sparked a macro risk reaction, pressuring crypto markets. Bitcoin fell toward $88,600, rebounded above $90,500 in the evening, then eased back and steadied near $89,700. Venezuelan authorities alleged military-linked sites were struck and announced emergency security measures.

On Jan. 3, Arkham reported that a so-called $10B "Hyperunit whale" running a roughly $635.58 million leveraged Ether long has nearly returned to break-even, recovering about $70 million from its lowest unrealized loss. Separately, trader BitBull highlighted $2,500 as key weekly support for ETH on MEXC, tying the level to an emerging inverse head-and-shoulders pattern with price recently near $3,038.

CryptoQuant data shared by Merlijn The Trader indicates long-term Bitcoin holders have largely stopped net selling for the first time since July 2025, easing one source of supply pressure after months of distribution. A separate BTC USDT cycle comparison posted by Vivek Sen highlights a sideways consolidation near support in November 2025 that he argues could precede a move toward $280,000 if the structure holds.

On Jan. 2, XRP reclaimed the $2 threshold and briefly traded near $2.05, according to CoinCodex data. Market participants are watching whether $2.10 can turn into support, while some also flag a $3.20 flip for continuation. As of the latest reading, price hovered around $2.03 with market cap near $123 billion.