- Ethereum price rose to $3,400 on Wednesday, January 14, 2026.
- Gains followed Bitcoin’s surge above $97,000 and rallies among top altcoins.
- ETH staking has seen a strong resurgence, reaching record highs.
Ethereum (ETH) traded to an intraday peak just above $3,400 amid a broader upswing across the cryptocurrency market.
Fueled by renewed investor optimism, easing inflation signals, and institutional inflows, Bitcoin rallied to highs around $97,300.
With risk appetite likely pushing bulls toward the psychologically important $100,000 level, Ethereum mirrored those gains and hit new intraday highs.
Notably, this move coincides with record staking participation, which supports the case for a potential retest of $4,000.
Ethereum gains fresh momentum toward $3,400
Like BTC, ETH experienced downward pressure in the early days of 2026.
However, amid renewed bullish momentum for spot crypto exchange-traded funds, Ethereum climbed to intraday highs of $3,403 as bulls decisively pushed above the $3,300 level.
The cryptocurrency was up about 6% over the previous 24 hours at the time of writing after opening the day below $3,280.
These gains put ETH trading inside a relatively tight range between $3,280 and $3,520.
Bullish traders are looking for a breakout after a consolidation phase above $3,000, a period that coincided with growing ETH staking activity.
Data shows Ethereum staking has surged to an all-time high with more than 36 million ETH staked, representing nearly 30% of the circulating supply.
The value of those staked coins exceeds $118 billion at current prices.
Additionally, daily wallet creation has reached record levels, and ETFs are recording fresh net inflows.
What’s next for ETH?
ETH has reclaimed a key level and presents a bullish outlook, with the potential to break out of a rising triangle pattern.
Technical indicators also support the upside. The Relative Strength Index (RSI) shows bullish control around 67 on the daily chart. With the RSI moving upward but not yet in overbought territory, buyers remain in control.
The moving average convergence/divergence indicator also signals bullish bias, with its crossover turning the histogram green.
ETH also saw significant short liquidations, which amplified upward pressure as bearish positions were forced to close.
CoinGlass data shows over $800 million in crypto liquidations in the past 24 hours, of which more than $250 million were in ETH. Bearish bets accounted for $218 million and just over $32 million in long positions.
Whether Ethereum can maintain momentum and target higher levels remains to be seen.
A confirmed hold and daily close above $3,300 could clear the path for a push toward $3,600–$3,800 in the near term.
This outlook would be supported by positive sentiment across the broader market. Bullish forecasts for Bitcoin above $100,000 also give ETH bulls hope for a possible retest of prices above $4,000.
Conversely, failure to defend $3,300 could trigger a pullback to $3,100. Support zones below $3,000 sit in the $2,850–$2,700 area.