Ethereum

Updated on January 23, 2026, Artemis estimates adjusted stablecoin payments at about $400B annually, far below widely cited $10T–$30T transfer figures. Payments reportedly doubled over the past 12 months, with B2B at $230B, remittances at $90B, capital markets around $8B, and card usage at $4.5B, which rose 800% year over year.

OpenEden, FalconX and Monarq unveiled PRISM, a tokenized, institutional-grade yield portfolio slated for launch in February 2026. Managed by Monarq and tokenized by OpenEden, it blends cash-and-carry arbitrage, overcollateralized institutional lending, DeFi yield venues, and regulated RWA exposure to target risk-adjusted returns; staking issues xPRISM on Ethereum, with a limited pre-deposit phase offering early access.

Ethereum remains range bound after failing to hold an early‑month push above the mid‑$3,000s, with price oscillating between demand near $2,700 and supply closer to $3,500 while the 100‑ and 200‑day moving averages cap upside. According to the Coinbase Premium Index, recent sustained negative readings show a discount on Coinbase versus Binance, underscoring cautious U.S. spot flows.

On January 23, 2026, Ethereum's price remained subdued even as active addresses climbed and roughly 2.3 million daily transactions signaled stronger usage. Fees stabilized after a compression phase but sit well below past peaks, while exchange netflows continue to show outflows. ETH/BTC trades under long-term averages, keeping any altcoin rotation contingent on improved relative performance and rising economic throughput.

Ethereum is trading around $2,900 after a more than 3% daily decline and roughly 12% losses over the past week, slipping below the $3,000 level. Technical analysts highlight a diamond pattern on the 1‑hour chart and a multi‑year double bottom with an embedded inverse head‑and‑shoulders on the monthly chart, pointing to a possible push toward $3,600 if bullish momentum returns. Despite weak price action and an RSI near 43, large holders have reportedly been quietly accumulating ETH through OTC channels, including a single whale purchase of over 20,000 ETH valued at about $59 million.

According to on-chain data, Binance shifted 17,527,443,126 Shiba Inu tokens from a hot wallet to an internal cold storage address on the Ethereum network, prompting debate among SHIB holders. The transfer involved no ETH and cost less than $0.01 in gas fees, while SHIB was trading around $0.00000788 with stable volumes and no visible spike in selling pressure. Analysts suggest the operation appears to be a storage and reserve management move rather than a signal of imminent liquidation, though any sharp volatility this week could hint at a broader strategic rebalance.

On January 23, 2026, OTC whale wallet 0xFB7 acquired 20,013 ETH worth $59.07M, after buying 10,000 ETH ($28,97 million) on January 22. Trend Research borrowed $70M USDT from Aave and purchased 24,555 ETH ($75.5M), holding 651,310 ETH ($1.92B). ETH trades at $2,911.57, down 1% day-over-day and 10.4% week-over-week, with a 0.1% monthly gain.

Total crypto capitalization is struggling to hold the $3 trillion mark after several days of broad selling. Bitcoin remains capped by the $90,000-$95,000 range and shows fading momentum near support, while Ethereum has dropped below $3,000. Positioning has turned defensive as ETF and derivatives flows weaken and sentiment shifts toward fear.

On January 23, 2026, Robert Kiyosaki said in an X post that he ignores price swings in Bitcoin, gold, silver, and Ethereum. He argued that rising U.S. national debt and declining dollar purchasing power matter more than short‑term volatility, so he keeps accumulating these assets regardless of day‑to‑day moves.

According to the report, the crypto market ended the week on a firm note even as U.S. spot Bitcoin ETFs recorded four consecutive days of outflows totaling $1.68 billion and BTC hovered near $90k. In equity markets, Asian indices rose after Japan paused rates on 22 January, while BitGo's NYSE debut saw its share price swing between $22 and $24.5 before closing at $18.49 on day one. Ethereum-based privacy project Railgun introduced its Railgun_connect integration for private DeFi usage, as attention turned to the U.S. Federal Reserve's 28 January rate decision.