Price Action & Market Sentiment ETH
has been trading under pressure due to macro uncertainty, mixed ETF flows, and negative funding rates. Despite this, some analysts view recent price action as consolidation rather than structural weakness. There's a notable shift in Ether's supply, with balances on centralized exchanges falling to a record low, below 9% of the total circulating supply. Tokens are increasingly being moved into staking contracts, Layer-2 ecosystems, and institutional custody solutions, reducing the liquid supply available for trading.
Key Metrics
The live Ethereum price is approximately $3081.57 USD with a 24-hour trading volume of around $1.68 billion.
Ethereum's market capitalization is approximately $372 billion, ranking it #2 on CoinGecko.
The circulating supply of Ethereum is about 120.69 million ETH.
Ethereum experienced net outflows of -$1.06 billion this week, but validator entries increased by 120%, and address growth is at a record high, indicating major players are staking ETH.
Staking and Network Upgrades
Ethereum transitioned from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism with "The Merge" on September 15, 2022. This change aims to improve scalability, decentralization, and security while being more environmentally sustainable.
The Ethereum Beacon Chain staking entry queue recently reached 1.759 million ETH, the highest since August 2023, with new stakers facing a 30-day wait.
The "Fusaka" upgrade, launched on December 3, aims to increase scalability and reduce Layer 2 fees.
Institutional Interest U.S. Ethereum spot ETFs saw $160.8 million net inflow in early January 2026. Morgan Stanley has also filed for an Ether trust.
Development and Ecosystem Ethereum processed a record 2.23 million transactions on December 29, 2025. Ethereum is a platform for numerous other cryptocurrencies and the execution of decentralized smart contracts.
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