#Ethereum (ETH) Price News Today 23-1-2026 - 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 23, 2026, Ethereum (ETH) is trading at approximately $2,950.32, marking a decrease of about 2.46% over the last 24 hours. The market is experiencing a "risk-off" mood, with significant weekly outflows from Bitcoin and Ethereum ETFs—the largest since November 2025—putting downward pressure on prices.
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Key Market Insights
--ETF Outflows: U.S. spot Ethereum ETFs have seen their largest withdrawals in two months, contributing to the current price stall.
--Regulatory Shift: The Nasdaq has moved to remove position limits on Bitcoin and Ethereum ETF options, a move expected to increase institutional liquidity and integrate these products more deeply into traditional markets.
--Network Developments: Despite the price dip, on-chain activity is increasing. Developers are focusing on the upcoming Fusaka upgrade, which aims to boost data capacity and decentralization.
--Institutional Activity: BitMine has reportedly added over 44,000 ETH to its treasury and begun staking a portion of its holdings, totaling roughly 4.11 million ETH (3.41% of circulating supply).
--Options Expiry: Approximately $347.7 million in Ethereum options are set to expire today, with the current price well below the "max pain" level of $3,200.
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