A new dynamic is unfolding in the Ethereum (ETH) landscape as powerful investors, often referred to as whales, make significant moves that could influence market sentiment. A recently created wallet withdrew a substantial 10,057 ETH—worth approximately $33.68 million—from Binance. This prominent stash is now being staked through Lido, allowing the owner to earn stETH in return for their commitment to the Ethereum network.
In an impressive financial maneuver, the same wallet promptly deposited the stETH back into Aave, borrowing 45 million USDT in the process. This strategic leverage allows whales to capitalize on Ethereum’s potential by reinvesting in more stETH, a setup generally utilized by savvy traders who anticipate sideways or bullish price movements. Such withdrawal and staking activities are significant as they reduce the available ETH supply on exchanges, potentially supporting prices as demand increases.
Meanwhile, Ethereum ETFs are experiencing a resurgence in popularity, marking a delightful change after months of dwindling performance. In a heartfelt revival, these investment products registered their first full week of positive inflows since June 2025, accumulating an impressive $479.2 million over just five trading days. This turnaround reflects a fresh wave of institutional interest, signaling renewed confidence among professional investors.
Renewed Investor Interest Amid Market Fluctuations
One of the leaders in this ETF resurgence was BlackRock’s ETHA, which drew in $219 million alone during this five-day period. Additionally, the Grayscale Ethereum Mini Trust saw a respectable influx of $15.21 million on January 16, strengthening its assets under management to $2.52 billion. These inflows not only represent significant capital but also indicate that institutional investors are again ready to engage with Ethereum.
Typically, ETF investments stem from funds and institutions rather than the short-term trading crowd. This type of capital tends to stabilize markets during price pullbacks and may contribute to a steady recovery for Ethereum as it attempts to reclaim the $3,400 territory. Despite a recent 17.1% price drop over the last three months, ETH has climbed 8.17% in January 2026, cementing a hopeful narrative for the month.
Technical Analysis Points to Key Support Levels
In terms of technical performance, Ethereum’s price fluctuated significantly as it tested a resistance level at the 200-day exponential moving average (EMA) around $3,336 but ultimately failed to hold. Following this rejection, prices dipped nearly three percent and are currently testing support around the 50-day EMA at $3,166. Traders remain cautious as a daily close below this support could shift focus to the next support zone near $3,017.
Currently trading at approximately $3,205.18, ETH’s 1-day technical outlook indicates a balanced peacemaking stance between buyers and sellers. The January performance suggests a cautious upward trend after a tumultuous year-end. The 2025 market ended slightly down at 1.28%, yet the previous year in 2023 saw substantial gains of 32.7%, showcasing Ethereum’s volatile but rewarding nature.
The combined effects of whale accumulation and vigorous ETF inflows are helping to tighten the supply of Ethereum within the market. Staking activities via platforms such as Lido are also essential as they contribute to locking up ETH for prolonged durations. This cocktail of reduced exchange supply, institutional demand, and price action near critical technical levels has the potential to influence the next steps for Ethereum in 2026.
