Today, January 26, 2026, Ethereum (ETH) is navigating a period of heightened volatility. After a significant weekly correction, ETH is currently trading around $2,865, down roughly 2.5% in the last 24 hours. The market is struggling with a bearish structure, characterized by a descending trendline from recent highs. While Bitcoin’s slight recovery above $87,700 provides a small tailwind, ETH is underperforming due to massive liquidity outflows—nearly $3.4 billion in stablecoins moved away from the network this week. Traders are cautiously watching if the current rebound can hold or if a deeper slide is imminent.

Today’s Impactful News

Whale Activity: A long-dormant whale from 2017 resurfaced to move 50,000 ETH ($145 million) to Gemini, sparking fears of a massive sell-off.

Institutional Rotation: Despite the price drop, the Trump-backed World Liberty Financial reportedly shifted $8 million into ETH, and some "smart money" wallets have accumulated 116,000 ETH during this dip.

ETF Outflows: US Spot Ethereum ETFs saw net weekly outflows exceeding $611 million, signaling a temporary cooling of institutional demand.

Technical Analysis & Trading Zones

Professional traders are currently focusing on a "wait and see" approach near the channel support. The RSI is hovering near 40, suggesting there is still room for a downward move before reaching "oversold" territory.

Zone Type,Price Level,Strategy/Notes
Primary Sell (Resistance),"$3,050 – $3,150","Major resistance; failed to sustain momentum here. Look for ""Short"" entries on rejections."
Immediate Resistance,"$2,900",Must flip this level to Neutral to regain bullish hope.
Primary Buy (Support),"$2,749 – $2,810","Key demand zone. Professional ""Long"" targets are set here for a bounce."
Final Safety Net,"$2,717","If this breaks, the next major target is a psychological floor at $2,500."

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