#Ethereum (ETH) Price News Today 21-1-2026 - Elliott Wave and technical analysis of #ETH, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of January 21, 2026, Ethereum (ETH) is trading at approximately $2,963.76, reflecting a daily decline of about 1.15% to 4.5% depending on the specific exchange snapshot. The market is currently experiencing high-stakes volatility, with the price testing a critical "pivot zone" after a sharp risk-off sell-off triggered by rising yields and leveraged liquidations.
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Key Market Insights
--ETF Activity and Institutional Flow: Despite the price slump, some investors are aggressively accumulating via regulated vehicles like the 21Shares Ethereum ETF (TETH). However, overall US spot Ether ETFs recorded heavy net outflows on Tuesday, January 20, 2026, as part of a broader macro-driven sell-off.
--On-Chain Fundamentals: Ethereum exchange reserves have plummeted to an 8-year low of approximately 16.2 million tokens, the lowest level since 2016, which analysts often view as a bullish signal for long-term scarcity. The staking rate also remains high at 46.59%.
--New Ecosystem Launches: Binance Alpha is scheduled to launch ETHGas (GWEI) today, January 21, at 12:00 UTC, including an airdrop for eligible users with sufficient Alpha Points.
--Technical Analysis: Short-term technical indicators show a "Strong Sell" signal with downside pressure remaining as long as ETH stays below the $3,052 - $3,075 resistance zone. A break below $2,888 could lead to further declines toward the mid-December low of $2,776.
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