- Ethereum price rose to $3,400 on Wednesday, January 14, 2026.
- Gains came as Bitcoin climbed above $97,000 and major altcoins advanced.
- ETH staking shows a strong resurgence, reaching record levels.
The Ethereum token (ETH) hit a daily high just above $3,400 amid a broader crypto market upswing.
Fueled by renewed investor optimism, signs of easing inflation, and increased institutional inflows, Bitcoin reached highs near $97,300.
With risk appetite pushing bulls toward the long-awaited $100,000 mark, Ethereum mirrored the market strength and climbed to new daily highs.
Importantly, this momentum coincides with record participation in staking, while positive technical indicators point to a potential retest of the $4,000 level.
Ethereum gains fresh momentum to $3,400
Like BTC, ETH experienced downward pressure early in 2026.
However, with a renewed bullish curve for spot crypto funds, momentum has driven Ethereum to highs of $3,403 as bulls decisively pushed past the $3,300 threshold.
The cryptocurrency climbed roughly 6% over the last 24 hours at the time of writing, starting the day below $3,280.
Those gains place ETH in a tight trading range between $3,280 and $3,520.
Bulls registered a breakout after a consolidation period above $3,000, coinciding with a surge in ETH staking.
Data shows Ethereum staking reached record levels — more than 36 million ETH are now locked, representing nearly 30% of the circulating supply.
At current prices, the value of these staked coins exceeds $118 billion.
Additionally, daily new wallet creation hit record highs and ETFs are recording fresh net inflows.
What’s next for ETH?
ETH has reclaimed a key level and displays bullish prospects, with a possible breakout from a rising triangle formation.
Technical indicators, including the Relative Strength Index (RSI), show bullish control around 67. The daily RSI is not yet overbought, suggesting buyers maintain the edge.
The Moving Average Convergence Divergence indicator also signaled strength, with a bullish crossover turning the histogram green.
ETH also went through notable short-term liquidations, which can amplify upward pressure as bears are forced to cover positions.
Data from CoinGlass shows over $800 million in crypto liquidations in the past 24 hours, with more than $250 million attributed to ETH. Short positions accounted for $218 million, while longs were slightly above $32 million.
Whether Ethereum can sustain this momentum and reach higher levels remains to be seen.
A confirmed hold and daily close above $3,300 could open the path toward $3,600–$3,800 in the near term.
Those upside scenarios would be supported by optimistic market sentiment. Bullish forecasts for Bitcoin above $100,000 would also increase the likelihood of ETH testing prices above $4,000 again.
Conversely, failure to defend $3,300 could trigger a decline to $3,100. Support zones below $3,000 sit roughly between $2,850 and $2,700.