Overview
- ETH trades near $3,300, repeatedly meeting resistance around $3,400 after a midweek push faded.
- Daily active addresses surged to over 800,000 in mid-January, with some data showing roughly 1.3 million, and transactions were reported near a record ~2.8 million.
- Spot ETH ETFs have added about $584 million in net inflows this year, taking cumulative net inflows to roughly $12.9 billion, while BitMine was reported to purchase $65 million in ETH.
- Binance ETH futures daily volume jumped to about $21.7 billion, the highest since mid-December, indicating renewed leveraged activity.
- Technical signals are mixed, with a 3‑day MACD bullish crossover and accumulation narratives set against rising‑wedge and pennant warnings that point to potential downside toward $2,600–$2,700 if key supports break.