Ethereum (ETH) Price: ETF Inflows Hit $175M as Staking Reaches $118B Record

TLDR

• Ethereum ETFs saw $175 million in net inflows on Wednesday, January 14th, showing strong institutional demand for the asset.
• Ethereum staking hit a record high of $118 billion, with 35.8 million ETH staked, representing 29.5% of the total circulating supply.
• The validator entry queue surged to 2.34 million ETH, the highest level since August 2023, while the exit queue dropped from 2.5 million ETH to just 288 ETH.
• BitMine Immersion added 154,304 ETH worth $514 million to its staking portfolio and has staked over 1.68 million ETH total.
• ETH price rose 7% on Tuesday, pushing above $3,300 and targeting the $3,470 resistance level with potential to reach $3,670.

Ethereum experienced strong momentum this week as both institutional investors and staking activity reached new heights. The second-largest cryptocurrency climbed above $3,300 following renewed interest from multiple sectors of the market.

US-listed spot Ethereum ETFs recorded $175 million in net inflows on Wednesday, January 14th. The substantial inflows demonstrated continued institutional appetite for Ethereum exposure through regulated investment vehicles. These products have become a primary channel for traditional investors to access cryptocurrency markets.

The ETF inflows came as investors responded to favorable market conditions. Institutional investors appeared to use the opportunity to increase their Ethereum exposure. The Wednesday inflows represented one of the stronger single-day performances for Ethereum ETF products in recent weeks.

Ethereum staking activity reached unprecedented levels during the same period. The total amount of staked ETH hit a record $118 billion at current prices. The Beacon Chain now holds approximately 35.8 million ETH, which represents 29.5% of Ethereum’s total circulating supply.

Staking Queue Signals Strong Demand

The validator entry queue climbed to 2.34 million ETH, the highest level since August 2023. The exit queue collapsed from 2.5 million ETH to just 288 ETH. This dramatic shift shows that investors are choosing to stake their tokens rather than sell them.

The validator queue system controls how quickly new validators can join or leave the Ethereum network. A large entry queue indicates strong demand to participate in network security. The growing number of staked tokens also reduces the available supply on exchanges.

BitMine Immersion has been a major contributor to the staking surge. The Ethereum treasury company added 154,304 ETH worth approximately $514 million to its staking portfolio in just five hours. BitMine has now staked over 1.68 million ETH total and continues to expand its holdings.

The company manages a $4 billion debt position and introduced its staking strategy during Ethereum’s previous price downturn. BitMine’s total Ethereum holdings have grown to 4.17 million tokens through ongoing accumulation.

Price Movement and Market Activity

Ethereum rose 7% on Tuesday and is now testing the 200-day Exponential Moving Average. The price faces resistance at $3,470, with a potential move to $3,670 if buying pressure continues. Short sellers faced $197 million in liquidations out of $228 million total over 24 hours.

A whale holding 203,340 ETH on Hyperliquid moved into profit with gains exceeding $37 million. The same position showed a floating loss of $74 million when ETH traded below $2,800 last month. Buyers have gained control in Binance’s Ethereum derivatives market after more than six months of seller dominance.

The number of active validators on the network reached 976,117. Lido Finance holds approximately 24% of all staked Ether. The Relative Strength Index is trending upward while the Stochastic Oscillator shows overbought conditions.

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