Ether maintains price above $3,300, eyes breakout to $3,500

Key takeaways

  • ETH has maintained its price above $3,300 despite losing less than 1% of its value.
  • The leading altcoin could rally higher in the near term amid growing institutional demand.

ETH stays above $3,300 despite market pullback

ETH, the second-largest cryptocurrency by market cap, has lost less than 1% of its value in the last 24 hours and is now trading above $3,300 per coin.

This performance comes despite growing institutional demand for Ethereum products. According to data obtained from SoSoValue, Ether-linked funds saw steady demand. Spot ether ETFs recorded $175 million in net inflows on Wednesday, led by BlackRock’s ETHA and Grayscale products, extending a gradual recovery in flows after a quiet December.

The market pullback was primarily caused by the U.S. Senate Banking Committee (SBC) pushing back on discussing the crypto market-structure bill after Coinbase withdrew support for the latest draft.

The committee Chairman, Tim Scott, announced in an official statement that bipartisan leaders, alongside the crypto and financial sectors, are continuing to work on the draft.

The postponement comes after Coinbase’s CEO, Brian Armstrong, suddenly opposed the way, stating that it is better to have no bill than a bad one. 

Armstrong pointed out that the bill kills stablecoin rewards, erodes the Commodity Futures Trading Commission’s (CFTC) authority, imposes DeFi prohibitions that violate privacy rights, and imposes a de facto ban on tokenized equities.

ETH eyes a breakout to $3,500

The ETH/USD 4-hour chart remains bullish despite the current market pullback. ETH is trading above $3,300 as the bulls defend the support level at $3,288. 

The MACD indicator on the 4-hour chart remains above the signal line, with green histogram bars above the zero line, expanding in support of the bullish thesis.

ETH/USD 4H Chart

The RSI of 67 shows that buyers remain in control, with the bulls breaking above the immediate 200-day EMA resistance at $3,339. A daily candle close above this level could see ETH surge towards the resistance zone at $3,447, tested on December 10.

However, failure to overcome this resistance level could see ETH retracing towards the $3,000 psychological region.

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XRP rally stalls despite growing ETF inflow: Check forecast

Key takeaways

  • XRP has lost its fourth place in the market to BNB after losing 3% of its value in the last 24 hours.
  • The coin is struggling to overcome the $2.2 resistance level despite growing ETF demand.

XRP loses fourth place to BNB

XRP, the native coin of the Ripple ecosystem, has lost more than 2% of its value in the last 24 hours and is currently trading at $2.11 per coin. The bearish performance comes despite rising Open Interest (OI) and institutional inflow into XRP ETFs.

According to CoinGlass, XRP’s OI has increased to $4.09 billion on Thursday, up from $3.93 billion on Tuesday. The increase, albeit minor, suggests that investors are beginning to lean more into risk.

If the OI continues to increase, it could see XRP’s price rally higher in the near term and target the nearest resistance level. Despite that, the OI sits below the yearly high of $4.55 billion, recorded on January 6.

Furthermore, interest in XRP spot Exchange Traded Funds (ETFs) continues to build. SoSoValue reports that XRP ETFs gained nearly $11 million in inflow on Wednesday. Since their launch in November, XRP ETFs have recorded just one outflow, totaling nearly $41 million on January 7. The cumulative inflow now stands at $1.25 billion with net assets at $1.54 billion.

Will XRP resume its uptrend soon?

The XRP/USD 4-hour chart is bearish and efficient as Ripple has underperformed over the past few days. The coin is still trading above the key support provided by the 50-day Exponential Moving Average (EMA) at $2.08.

A minor decline in the Relative Strength Index (RSI) to 53 on the 4-hour chart confirms the buildup of downside pressure. If the RSI continues to decline, XRP could retest the $1.90 support level in the near term. 

XRP/USD 4H Chart

However, the Moving Average Convergence Divergence (MACD) indicator on the same chart holds above the signal line, which could allow investors to bet on XRP’s price soaring higher. 

If the daily candle closes above the 100-day EMA at $2.21, XRP could extend its rally towards the 200-day EMA ($2.33).

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Crypto Fear and Greed index returns to greed as Bitcoin rallies above $97K

  • Crypto Fear and Greed Index hit “greed” for the first time since the $19B October liquidation event.
  • Bitcoin rallied to a two-month high above $97K, helping lift overall crypto market sentiment.
  • On-chain data shows retail holders exiting, while declining exchange balances signal reduced sell pressure.

The Crypto Fear and Greed Index has moved back into “greed” territory for the first time since a $19 billion liquidation event in October rattled digital asset markets, signaling an improvement in investor sentiment as Bitcoin staged a strong recovery.

In an update on Thursday, the index posted a reading of 61, reflecting growing optimism after weeks spent in “fear” and “extreme fear.”

Just a day earlier, the index stood at 48, placing it in the “neutral” zone.

The shift marks a notable change in mood following months of heightened risk aversion among crypto traders.

Sentiment rebounds after October liquidation shock

Crypto investor sentiment collapsed on Oct. 11, when $19 billion was liquidated from the market, sending traders fleeing from altcoins and driving widespread pessimism.

In the weeks that followed, the Crypto Fear and Greed Index recorded some of its lowest readings on record, falling into the low double digits multiple times in November and December.

The index is closely watched by market participants as a barometer of sentiment, helping traders assess whether conditions favor buying, selling, or remaining on the sidelines.

It compiles data from several indicators, including price volatility of major cryptocurrencies, trading volume, market momentum, Google search trends, and overall sentiment on social media platforms.

The return to “greed” suggests that the sharp caution seen late last year has begun to ease, even though markets remain well below the levels that previously triggered euphoric sentiment.

Bitcoin rally lifts overall market mood

Improving sentiment has coincided with a strong rebound in Bitcoin prices.

Over the past seven days, Bitcoin has climbed from $89,799 to reach a two-month high of $97,704 on Wednesday, according to data from CoinGecko.

The move marks the first time Bitcoin has traded above $97,000 since Nov. 14.

At the time of writing, Bitcoin was trading at $96,218, up by 1% in the last 24 hours.

At that time, however, the Fear and Greed Index was firmly in “extreme fear” territory, as Bitcoin was sliding sharply from all-time highs.

The latest rally has helped stabilize broader market confidence, even as traders remain cautious about sustainability.

While the index’s return to “greed” indicates growing optimism, it remains well below levels typically associated with excessive risk-taking.

On-chain signals show retail exiting positions

Despite the improving price action, some on-chain indicators suggest that retail participation has declined in recent days. Analysts at market intelligence platform Santiment said in an X post on Wednesday that Bitcoin holders have been reducing their exposure.

According to Santiment, over the last three days, there has been a net drop of 47,244 Bitcoin holders, indicating that “retail had been dropping out due to FUD & impatience.”

“When non-empty wallets drop, it’s a sign that the crowd is dropping out, a good sign. Similarly, less supply on exchanges decreases the risk of a selloff,” the analysts said.

They added that “This price bounce has also been supported by a 7-month low 1.18 million Bitcoin on exchanges.”

A lower amount of Bitcoin held on exchanges is generally viewed as a bullish indicator, as it suggests investors are storing assets in private wallets and are less inclined to sell quickly.

Taken together, the rebound in sentiment, rising Bitcoin prices, and declining exchange balances point to a cautiously improving outlook for the crypto market, even as investors continue to weigh lingering risks.

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Ethereum rallies to $3,400 as ETH staking hits new milestone

  • Ethereum price pumped to $3,400 on Wednesday, Jan. 14, 2026.
  • Gains came as Bitcoin shot to highs above $97,000 and top altcoins ticked up.
  • ETH staking has shown a strong resurgence, hitting an all-time high.

The Ethereum (ETH) token traded to its intraday high just above $3,400 amid a broader crypto market rally.

Driven by renewed investor optimism, lower inflation signals, and institutional inflows, the Bitcoin price broke to highs of $97,300.

And with risk sentiment likely to propel bulls to the much-desired mark of $100,000, Ethereum mirrored the gains to new intraday highs.

Notably, this comes as record staking participation, and positive technical indicators point to a potential retest of $4,000.

Ethereum sees fresh momentum to $3,400

Like BTC, ETH suffered downward pressure in the early days of 2026.

However, amid a fresh bullish curve for spot crypto exchange-traded funds, momentum has now propelled Ethereum to highs of $3,403 as bulls decisively broke above the $3,300 threshold.

The cryptocurrency was up 6% in the past 24 hours at the time of writing, having opened the day under $3,280.

Gains sees ETH trade within a tight range of $3,280 and $3,520.

Bulls are seeing a breakout after a period of consolidation above $3,000, a time during which Ethereum saw a spike in ETH staking.

Data shows Ethereum staking has hit a record high with over 36 million ETH locked, a figure that accounts for nearly 30% of the circulating supply.

The value of these coins sits at more than $118 billion at current prices.

Additionally, daily new wallet creation has reached all-time highs, and ETFs are notching new net inflows.

What next for ETH?

ETH has reclaimed a key level and shows a bullish outlook with a potential ascending triangle pattern breakout.

Further technical indicators, including the Relative Strength Index (RSI) shows bullish control at 67. RSI on the daily chart is upturned and since it’s not in overbought territory yet, buyers have the upper hand.

The Moving Average Convergence Divergence indicator is also signalling bullish bias, with the crossover seeing the histogram flip green.

Ethereum Price Chart
Ethereum price chart by TradingView

ETH has also witnessed significant short liquidations, amplifying upward pressure as bears cover positions.

CoinGlass data shows over $800 in crypto liquidations recorded in the past 24 hours, with over $250 million of this in ETH. Bearish bets account for $218 million and just over $32 million in long positions.

Whether Ethereum can sustain its momentum and target higher levels remains to be seen.

A confirmed hold and close above $3,300 could pave the way for a push toward $3,600-$3,800 in the short term.

This outlook will be helped by an upbeat sentiment across the broader market. Bullish projections for Bitcoin above $100,000 also give ETH bulls hope of a potential retest of prices above $4,000.

However, failure to defend $3,300 could lead to a pullback toward $3,100. Support zones below $3k are in the $2,8500-$2,700 region.

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Bitcoin price reclaims $97K, bulls eye $100K milestone

  • Bitcoin climbed above $97k on a risk-on outlook
  • Gains have also come as Bitcoin ETFs notch huge inflows.
  • Risks include geopolitical escalations.

Bitcoin is surging once again after a slow start in 2026, with the latest spike sending BTC to highs of $97,360 amid renewed risk-on sentiment across global markets.

The cryptocurrency’s sharp surge in the past 24 hours has bulls excited for a potential breakout to the key psychological level of $100,000.

Bitcoin Price Chart
Bitcoin price chart by TradingView

As the broader crypto market eyes more upside momentum, analysts see fresh rotation into digital assets, with fiat currency debasement and supportive institutional flows key to this.

But investors are also aware of the macroeconomic conditions, with US inflation data showing the Producer Price Index (PPI) rose 3% in November – highest since July.

This could provide a mixed backdrop for price movements, but analysts say that Bitcoin breaking above $100k will be a critical move.

Bitcoin jumps to $97k

Stocks rose after the US consumer price index came out on Tuesday, and Bitcoin rode the risk-on sentiment to jump from $93,000 to highs of $97,360.

While Wall Street slipped afterwards amid losses for bank and tech stocks, BTC edged higher.

The more than 4% spike for BTC signalled a robust risk-on outlook that also lifted altcoins, including Ethereum, XRP and Solana.

A look at the charts shows Bitcoin is hovering at likely resistance around the $97,000-$97,500 zone.

However, the gains mark a significant recovery from earlier January levels in the low $90k region.

This advance has BTC above the $95,000 resistance level, a barrier that had capped upside momentum since November 2025,  analysts at QCP Group noted via X.

QCP sees the potential for the bellwether to witness continued strength, noting that Bitcoin could attract investor rotation from traditional safe havens.

Recent US CPI data, which held steady and aligned with moderated inflation expectations, reinforced a supportive environment for risk assets.

Bulls eye $100k level amid ETFs flows

Despite the notable headwinds, the overall market structure suggests potential for continuation higher, with technical indicators showing bullish momentum and volume supporting the rally.

The recent gains have been bolstered by substantial inflows into US spot Bitcoin ETFs.

As senior Bloomberg ETF analyst Eric Balchunas noted, the funds recorded over $760 million in flows on a single day.

A resurgence in demand follows major redemptions in late 2025 and earlier in the year.

Current momentum paints a different picture, signalling growing institutional conviction as BTC approaches the $100k level.

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