Ethereum (ETH) Price: Whales Stake $33 Million as ETFs Record First Weekly Inflow Since June

TLDR

• A new whale wallet withdrew 10,057 ETH worth $33.68 million from Binance and staked it through Lido and Aave
• Ethereum ETFs saw their first full week of inflows since June 2025, totaling $479.2 million
• Grayscale Ethereum Mini Trust received $15.21 million in fresh capital on January 16, 2026
• ETH price is testing support at the 50-day EMA around $3,166 after failing to break above $3,336
• Ethereum is down 17.1% over the past three months but up 8.17% in January 2026

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Ethereum price is drawing attention as large holders increase their positions and investment products see renewed demand.

Ethereum (ETH) Price

A newly created wallet recently pulled 10,057 ETH from Binance, worth about $33.68 million. The wallet moved the funds into Lido for staking to receive stETH.

The same wallet then deposited the stETH into Aave and borrowed 45 million USDT. That borrowed amount was used to purchase another 13,461 stETH, which went back into Aave.

This type of leveraged staking setup is typically used by experienced traders who expect ETH to hold steady or move higher. The activity removes ETH from exchanges, which can support price when demand picks up.

Ethereum ETFs are also showing renewed interest from investors. After months of mixed performance, these products recorded their first full week of positive inflows since June 2025.

ETF Demand Returns After Months of Weakness

About $479.2 million flowed into Ethereum ETF products over five trading days. This marks a change from earlier periods when demand remained weak.

The Grayscale Ethereum Mini Trust saw $15.21 million in new capital on January 16. The inflow represents about 0.60% of the trust’s $2.52 billion in assets under management.

ETF inflows typically reflect capital from funds and institutions rather than short-term traders. When this type of money enters the market, it tends to provide support during price pullbacks.

The return of steady demand suggests investors may be using recent price weakness as an entry point. This comes even as ETH has dropped 17.1% over the past three months.

Price Action Tests Key Technical Levels

Ethereum price recently tried to break above the 200-day exponential moving average near $3,336 but was rejected. The price then dropped nearly three percent and is now testing the 50-day EMA around $3,166.

If ETH closes below this level on a daily basis, the next support zone sits near $3,017. Momentum indicators like RSI and MACD show that buying strength has eased.

If the 50-day EMA holds, price could make another attempt at the 200-day EMA. A break above that level would bring the $4,000 area back into focus.

ETH is currently trading at $3,205.18. The 1-day technical outlook shows a neutral Hold rating as buyers and sellers remain balanced.

Looking at recent performance, January 2026 is up 8.17% so far. The year 2025 ended down 1.28%, while 2024 closed slightly higher at 0.13%.

The year 2023 delivered a 32.7% gain. The sharp drop came in 2022 with a 27% loss, while 2021 recorded a 73.9% rise.

Whale accumulation and ETF inflows are both removing supply from the market. Staking activity through platforms like Lido also locks up ETH for extended periods.

The combination of reduced exchange supply and institutional demand could influence price action as ETH trades near key technical levels.

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