Overview
- ETH faded from an intraday peak near $3,387 on January 13 to roughly $3,290, leaving a multi-month trading range intact.
- Crypto.news notes a rising wedge alongside a bearish pennant and divergence, with a breakdown scenario pointing toward support near $2,623.
- Network use has accelerated, with 30% more transactions to over 58 million in 30 days and active addresses up 64% to 13.1 million.
- Flow signals remain split, with SoSoValue citing $584 million in year-to-date ETF inflows as NewsBTC highlights net negative flows, whale de-risking since mid-December, and softer DeFi TVL.
- Yield-focused participation is growing, as staking market value climbs to about $118 billion and institutions pursue deployments such as Sharplink Gaming’s $170 million on Linea, alongside enterprise pilots like Visa’s on-chain stablecoin payouts.