#Ethereum (ETH) Price News Today 12-1-2026 - Elliott Wave and technical analysis of Ethereum, focusing on market structure, key support and resistance zones. Video by More #Crypto Online.
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As of today, January 12, 2026, the price of Ethereum (ETH) is fluctuating around $3,100 to $3,160 USD, reflecting a slight decrease of approximately 0.46% over the past 24 hours. The price has shown some volatility throughout the day, trading as low as $3,095 and as high as $3,178.50.
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Market Movement and News
--Institutional Accumulation: Bitmine Immersion Technologies, a major corporate holder of Ethereum, announced its ETH holdings reached over 4.168 million tokens and its total cash and crypto holdings reached $14.0 billion as of January 11, 2026. The firm has also been actively staking its ETH, with total staked assets valued at approximately $3.9 billion, which helps reduce the circulating supply and create upward price pressure.
--Macroeconomic Factors: Ethereum is currently trading as a macro-sensitive risk asset, with price movements influenced by broader economic factors such as U.S. inflation data, bank earnings, and U.S. Federal Reserve policy updates.
--Network Fundamentals: Despite the relatively "bored" price action, the Ethereum network is experiencing record activity, high stablecoin usage, and the scaling up of real-world use cases like tokenization. Analysts suggest this positions Ethereum for strong long-term growth, even if short-term value capture is currently weak.
--Technical Outlook: Technical analysis suggests that while the price is currently consolidating, a breakout above the resistance level near $3,165 could signal a recovery. Conversely, failure to hold the support level near $2,700 could lead to a further decline.
Key Insights
Analysts suggest that continued institutional adoption, network upgrades (like the upcoming Fusaka upgrade), and the platform's dominance in decentralized finance (DeFi) are strong fundamental drivers for future price appreciation. However, regulatory uncertainty and competition from other Layer-1 blockchains remain potential risks.
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