At a Glance
- Ether rebounded to $3,028, ending a six-day dip below $3,000.
- Support at $3,000 holds, with resistance at $3,100.
- Non-empty wallets topped $175 million, a record for any crypto.
- Corporate buying: >1 million ETH worth $3.5 billion, 40 % more public holders.
- Staking: withdrawals now ~1 day, deposit queue >54 days.
Introduction
The price of Ether surged 2.6% on Wednesday, closing at $3,028 and leaving the six-day low at $3,000 behind. Analysts see the rebound as a sign of renewed support, while network fundamentals and corporate adoption continue to strengthen.
Ether Recovers to $3,000 Level
The asset gained 2.6 % during the morning trading session in Asia, reaching $3,028. It had only been below $3,000 for 6 days before this uptick. “That’s a quick turnaround for ETH,” said Michaël van de Poppe, founder of MN Fund, noting the asset has “almost entirely reclaimed the losses of last week against Bitcoin.” He added, “That’s a strong signal, and I think that there’s more to come as it’s holding a crucial level of support.”
Analyst Insights on Support and Resistance
Glassnode analyst Chris Beamish reported on Tuesday that Ether is “trading on a dense cost basis cluster, a key breakeven zone for many holders.” He warned, “Holding 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.”
Santiment data, released Wednesday, shows Ethereum’s “non-empty wallets on the network” have ballooned to over 175 million, a record among all cryptocurrencies.
Network Fundamentals Strengthen
Blockchain Technology Consensus Solutions CEO Charles Allen said, “Ethereum’s validator network is so strong, and we see continued demand to become a validator and stake ETH.” Over the past month, staking withdrawals have dropped to about a one-day wait, while the deposit queue has grown to more than 54 days. He added, “In simple terms, far more people and companies want to stake ETH than exit. This is a strong signal for network security and validator participation.”
Staking remains attractive, especially as markets move sideways; exchange supply is expected to shrink further.
Corporate Adoption Grows
Bitwise reported 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. “Probably nothing,” they quipped.
Market Outlook
With $3,000 firmly back in place, traders watch the next resistance zone at $3,100. A move above that level could signal a new bullish phase, while a failure might test the thin support below $3,000.
Key Takeaways
- Ether has rebounded to $3,028, ending a 6-day dip.
- Support at $3,000 remains strong; resistance lies at $3,100.
- Wallet activity is at a record 175 million non-empty wallets.
- Corporate buying has surged, with over 1 million ETH purchased for $3.5 billion.
- Staking metrics show a tighter withdrawal window and a growing deposit queue.
Timeline of Events
| Date | Event |
|---|---|
| January 27, 2026 | Ether reaches $3,028, surpassing $3,000. |
| Tuesday | Glassnode analyst Chris Beamish comments on cost-basis cluster. |
| Wednesday | Santiment reports 175 million non-empty wallets. |
| Last quarter | Bitwise reports 1 million ETH bought for $3.5 billion. |
The combination of price action, network health, and institutional adoption paints a cautiously optimistic picture for Ether as it seeks the next psychological barrier.
