On January 14, 2026, Ethereum's single-day increase exceeded 15%, and the market was buzzing. This rally didn't happen out of nowhere; it was the result of multiple forces acting simultaneously.

First, let's talk about the macro aspect. The strong performance of the US core CPI completely reversed expectations of a Federal Reserve rate cut, which directly drove funds into risk assets. As a mainstream asset in the crypto market, Ethereum naturally became a hot target for capital.

From a technical perspective, it's even more interesting. After experiencing some volatility recently, Ethereum broke through a key resistance level with force, and the candlestick pattern suddenly looked attractive. Various technical indicators are also signaling bullishness. This kind of setup easily attracts follow-up traders, and confidence surges as funds pour in.

Looking at the fundamentals, institutions continue to increase their holdings in Ethereum, and the ecosystem hasn't been idle—after fee optimizations, activity has noticeably increased, with more developers and users joining. On-chain data shows that funds are consolidating, which naturally reduces selling pressure.

However, it's worth noting that such rapid gains in the short term can be a bit fast. The possibility of a technical correction can't be completely ignored, and CPI data still needs to be monitored. Regulatory uncertainties remain, and competition from other public chains is also attracting attention. All these factors could slow down the upcoming market momentum.

Therefore, when trading, it's essential to stay aware of risks. There may be room for further upward movement in the short term, but don't be blinded by the rapid gains.