Ethereum

According to Arkham Intelligence, BitMine Immersion Technologies staked 86,400 ETH across four transactions on Saturday, worth about $268.7 million, lifting its staked total to 1,080,512 ETH, Lookonchain said. Market analyst Nic Puckrin estimated the position at roughly $3.3 billion and a 2.81% yield, or about $94.4 million in annual ETH.

BitMine Immersion Technologies staked 86,400 ETH in a single-day allocation worth $266.3 million, lifting its staked total to 1,080,512 ETH. The deposits were routed via Ethereum's BatchDeposit contract, and with ETH near $3,091, the firm's holdings are estimated around 2.74 million ETH valued at roughly $8.5 billion.

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.

Ethereum is trading around $3,110 with daily volume near $6.5 bn and a market cap of about $375 bn, while price action compresses above a rising trendline. On-chain data show the Beacon Chain staking entry queue has climbed to 1.759 mn ETH (roughly $5.5 bn), supporting a potential breakout scenario toward the $3,250–$3,300 area if resistance near $3,180 is cleared.

Ethereum is experiencing a renewed wave of long-term capital commitment as staking demand climbs and more supply is taken out of circulation. Over 1.7 million ETH, valued at roughly $5.5 billion, is now queued for validator activation, with new stakers facing delays of nearly a month. This shrinking liquid supply, combined with institutional yield strategies and anticipated network upgrades, is tightening underlying market conditions around key price support levels.

Ethereum is consolidating around $3,000 as tokenized assets on its network scale, with stablecoins near $190 billion and other segments measured in the billions. On January 10 and 11, 2026, Merlijn The Trader and Ted Pillows flagged a potential ETH rotation and a possible move toward $3,500–$3,600 if the $3,000 support holds.

Ethereum has moved sideways for months after setting a new all-time high in 2025, straining the patience of bullish holders. A technical study of Ethereum’s inverted monthly chart by Egrag Crypto points to an extended consolidation phase that could precede a rapid upside move. The analysis highlights $3,800–$4,500 as initial resistance, $6,000–$7,500 as a later target zone, and $1,800–$2,200 as a possible pullback area, with spot price currently around $3,100.

Grayscale transferred 8,242.844 ETH and 1,188 SOL, valued around $25 million, to a Coinbase Prime address. The activity was observed in recent days and reflects its use of institutional services. Grayscale and Coinbase have not issued public statements on the specific transfers.

On January 11, 2026, Tom Lee’s BitMine staked an additional 86,400 ETH worth $266.3 million, lifting its staked total to 1,080,512 ETH, about $3.33 billion. According to Arkham, the firm made multiple small deposits to Ethereum’s BatchDeposit contract on Sunday, and on-chain data indicate that at the current price of $ 3,091.40 ETH, BitMine holds approximately 2.738 million ETH worth approximately $8.46 billion.

US spot Bitcoin and Ether ETFs saw $749.6 million in net outflows between January 6 and January 9, after a near $700 million inflow on January 5. Bitcoin funds led with $681 million in redemptions, while XRP and Solana ETFs drew $38.1 million and $41.1 million in fresh capital.