\n
<\/p>\n
\n\t\t\t\t\t\t\t\t\tEther prices did not remain below $3,000 for long and have returned to the psychological price level.\u00a0\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
\u201cThat\u2019s a quick turnaround for ETH,\u201d said MN Fund founder and crypto YouTuber Micha\u00ebl van de Poppe on Wednesday.<\/p>\n
The analyst added that the asset has \u201calmost entirely reclaimed the losses of last week against Bitcoin.\u201d<\/p>\n
\n\u201cThat\u2019s a strong signal, and I think that there\u2019s more to come as it\u2019s holding a crucial level of support.\u201d<\/p>\n<\/blockquote>\n
Ether Heading Back to Resistance<\/h2>\n
ETH prices gained<\/a> 2.6% on the day to reach $3,028 during the Wednesday morning trading session in Asia. The asset was holding just above the psychological $3,000 barrier at the time of writing.<\/p>\n
Ether only remained below this level for six days, and now appears to be heading for the next resistance zone at $3,100.<\/p>\n
\nThat\u2019s a quick turn-around for $ETH<\/a>.<\/p>\n
It\u2019s almost entirely reclaiming the losses of last week against Bitcoin.<\/p>\n
That\u2019s a strong signal, and I think that there\u2019s more to come as it\u2019s holding a crucial level of support. pic.twitter.com\/vmuyYqBRyH<\/a><\/p>\n
\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) January 27, 2026<\/a><\/p>\n<\/blockquote>\n
Glassnode analyst Chris Beamish reported<\/a> on Tuesday that Ether is \u201ctrading on a dense cost basis cluster, a key breakeven zone for many holders.\u201d<\/p>\n
\n\u201cHolding here suggests absorption and base building, but a breakdown would move price into thinner support where underwater supply may derisk. Next move hinges on this level.\u201d<\/p>\n<\/blockquote>\n
Santiment reported<\/a> on Wednesday that Ethereum\u2019s amount of \u201cnon-empty wallets on the network\u201d has now ballooned to over 175 million, a record among all cryptocurrencies.<\/p>\n
You may also like:<\/h3>\n
\n\u201cAs staking continues to be of strong interest, especially while markets move sideways, exchange supply will continue to shrink as well.\u201d<\/p>\n<\/blockquote>\n
Ethereum Fundamentals Are Strong<\/h2>\n
Ethereum\u2019s validator network is so strong, and \u201cwe see continued demand to become a validator and stake ETH,\u201d said<\/a> Blockchain Technology Consensus Solutions CEO Charles Allen on Tuesday.<\/p>\n
Over the past month, staking<\/a> withdrawals have dropped to about a one-day wait, while the deposit queue has grown to more than 54 days, he added.<\/p>\n
\n\u201cIn simple terms, far more people and companies want to stake ETH than exit. This is a strong signal for network security and validator participation.\u201d<\/p>\n<\/blockquote>\n
Meanwhile, Bitwise reported<\/a> that last quarter, companies bought more than 1 million ETH worth $3.5 billion, the number of public companies holding ETH increased 40%, and Ether corporations accounted for 5% of all Ethereum holdings.<\/p>\n
\u201cProbably nothing,\u201d they quipped.<\/p>\n
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