Ethereum (ETH), one of the leading cryptocurrencies in the world, has surged to an impressive $3,400, reflecting renewed investor confidence and broader market optimism. This milestone came as Bitcoin crossed $97,000, pushing other major altcoins, including Ethereum, to new daily highs.
Ethereum’s Rise to $3,400
On January 14, 2026, Ethereum reached an intraday high of $3,403, with gains driven by diminishing inflation concerns, increased institutional investments, and a bullish market sentiment. ETH has consistently performed well, trading within the $3,280–$3,520 range, signaling a robust uptrend since breaking the crucial $3,300 resistance level.
ETH Staking Hits Record Levels
Contributing significantly to Ethereum’s growth is the record-breaking rise in staking participation. Over 36 million ETH has been staked, accounting for nearly 30% of the circulating supply, worth over $118 billion at current prices. This uptick in staking showcases heightened community involvement and strengthened confidence in Ethereum’s long-term prospects.
Additionally, Ethereum’s daily wallet creation has hit all-time highs, underpinned by positive performance indicators such as ETFs seeing net inflows. These factors point to a market poised for further growth, with Ethereum positioned as a leader in innovation and usability within the crypto space.
Key Technical Indicators Show Bullish Momentum
A review of Ethereum’s technical trends suggests a favorable outlook for its price trajectory. Indicators such as the Relative Strength Index (RSI) stand at 67, indicating strong buying momentum but leaving room for further growth as it’s not yet overbought. The Moving Average Convergence Divergence (MACD) indicator also signals bullish momentum, with a green histogram reflecting a positive crossover.
ETH has also seen significant short liquidations totalling $250 million, amplifying upward momentum. However, while Ethereum holds the potential to target $3,600–$3,800 in the short term, it will need to maintain key support levels at $3,300 to avoid a pullback to lower ranges, such as $3,100 or even $2,850.
Why Now Is the Time to Explore Ethereum
Given the growing utility and reliability of Ethereum in decentralized applications and blockchain technology, now is an attractive time to deepen your investment in this cryptocurrency. For secure storage and staking, consider Ledger Nano X, a trusted hardware wallet designed for security and ease of use when handling cryptocurrencies. You can explore more about the product by visiting Ledger Nano X here.
Final Thoughts
Ethereum’s current rally, coupled with its staking achievements and technical bullishness, paints a promising picture for its future. With mainstream adoption and blockchain development on the rise, Ethereum continues to assert its dominance as a cornerstone of the cryptocurrency market.
Stay updated with the latest crypto market insights and technical analyses to make informed financial decisions. As Ethereum aims for new heights, it’s worth keeping an eye on this asset and its broader impact on blockchain technology.
