#Ethereum (ETH) Price News Today 16-1-2026 - Elliott Wave and technical analysis of #ETH Ethereum, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of January 16, 2026, Ethereum (ETH) is trading at approximately $3,304.81 (roughly €2,838.71), experiencing a slight intraday decline of about 0.60% to 0.68%. Despite this minor pullback, Ethereum continues to test a key psychological and technical support range between $3,300 and $3,400, following recent breakouts in early 2026.
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Key Market Insights
--On-Chain Fundamentals: Network activity has reached record levels, with new wallet addresses surging significantly due to anticipation surrounding the Fusaka upgrade.
--Staking Milestones: Ethereum staking has hit new all-time highs this month, a factor analysts believe is reducing liquid supply and providing a base for a potential move toward the $4,000 zone.
--Institutional Adoption: Belgium's KBC Group announced the launch of Bitcoin and Ethereum trading services today, signaling continued expansion of regulated crypto products in Europe.
--Technical Outlook: Analysts identify $3,000 as a critical support floor for the month, while $3,400 remains the immediate overhead resistance level to reclaim for a sustained uptrend.
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