2026-01-11 01:23:58

Ethereum has fallen to $3,080 in the past 24 hours, and market signals are not clear. While institutions are deploying, some are also offloading, and this contradictory situation warrants a closer look.

First, the good news. Vitalik Buterin recently emphasized Ethereum's breakthroughs in scalability—the introduction of ZKEVM and PeerDAS technologies allow the network to handle high loads while maintaining true decentralization. This is not just empty talk; Bitmine, a publicly listed company, has already demonstrated commitment through action, becoming the largest proof-of-stake ETH holder among enterprises. They have not only increased their holdings but also plan to establish the largest validator network in the US by early 2026, which is a solid bullish signal. Proof-of-stake onboarding data also speaks volumes—1.759 million ETH, a new high since August 2023, and validator exit queues have been cleared, indicating holder confidence remains.

But reality isn't so simple. BlackRock's clients are selling off, with a total of $84.7 million in withdrawals. Meanwhile, a large ETH whale transferred 40,251 ETH (about $124 million) to an exchange, likely preparing to liquidate. This week, net outflows from ETH spot and options ETFs reached $68.6 million, with total outflows now at $93.82 million. This persistent outflow trend is not very optimistic.

From a technical perspective, things also look weak. ETH price has broken below the 7-week, 25-week, and 99-week moving averages, and the MACD indicator has turned bearish. A short-term breakout may require a stronger catalyst.

ETH0.51%

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bridge_anxiety

· 11h ago

Institutions' moves are really clear—on one hand talking about technological breakthroughs, on the other running away. Isn't this just the prelude to a rug pull? BlackRock clients have invested over 80 million, and major investors have bought more than 40,000 coins. To me, it all looks like they're digging a trap for retail investors. Bitmine said they will build a validator network in 2026, but that's still two years away. The current price is just sitting there—who can withstand this? The MACD has already turned, so what catalysts are you still hoping for? I just want to know where the bottom really is. Looking at these data points, I feel really exhausted. It seems like this round of decline has just begun.

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ruggedNotShrugged

· 11h ago

Institutions are eating while retail investors are paying the bill? This move looks a bit suspicious. --- Big players are fleeing, small investors are taking the hit, classic套路. --- Bitmine is nailed down, BlackRock is running, who really understands ETH better? --- Is the $3080 price truly the bottom or just a trap? Hard to tell. --- Technical breakdowns are happening like this; what level of news would serve as a catalyst? --- Proof of stake data looks good, but the real cash flowing out can't be fooled. --- Sounds like the market maker is shaking out the stock, are retail investors being washed out? --- Vitalik is hyping ETH, I really don't know if it's a pump or if there's real substance. --- Over $90 million is fleeing, this scale is quite frightening. --- Optimists are stocking up, pessimists are running, a typical game theory scenario.

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DegenDreamer

· 11h ago

Institutions are bullish on one side and selling off on the other, a typical case of a tug-of-war. ETH might have to drop further before the market clears.

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BTCBeliefStation

· 11h ago

Institutions really don't mind making a fuss—on one hand, they hype up expansion, on the other, they profit from the US. Retail investors just have to sit back and take the hit.

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