{"id":20070,"date":"2026-01-17T08:04:05","date_gmt":"2026-01-17T08:04:05","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-price-at-risk-of-a-pullback-despite-solid-fundamentals\/"},"modified":"2026-01-17T08:04:23","modified_gmt":"2026-01-17T08:04:23","slug":"ethereum-price-at-risk-of-a-pullback-despite-solid-fundamentals","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-price-at-risk-of-a-pullback-despite-solid-fundamentals\/","title":{"rendered":"Ethereum price at risk of a pullback despite solid fundamentals"},"content":{"rendered":"
\n

Ethereum price rally lost momentum this week, moving from a high of $3,387 on January 13 to the current $3,288 as concerns about the Market Structure Bill rose.<\/p>\n

\n
\n Summary<\/span>\n <\/div>\n
\n
    \n
  • ETH price has pulled back in the past few days as demand for cryptocurrencies waned.<\/li>\n
  • Ethereum has encouraging fundamentals, including higher network activity.<\/li>\n
  • The token has formed a rising wedge chart pattern on the daily chart.<\/li>\n<\/ul><\/div>\n<\/div>\n

    <\/p>\n

    Ethereum (ETH) token has dropped by 33% from its highest level in August last year, mirroring the performance of the broader crypto market.<\/p>\n

    The token has pulled back despite its strong fundamentals. For example, data compiled by SoSoValue shows that spot Ethereum ETFs have added over $584 million in inflows this year, bringing the cumulative total net inflows to over $12.9 billion. All these funds have over $20 billion in assets, with BlackRock\u2019s ETHA having over $11.7 billion in assets.<\/p>\n

    Ethereum\u2019s network is also doing well, with the number of transactions and users continuing their growth momentum. The number of transactions rose by 30% to over 58 million in the last 30 days, while active addresses rose by 64% to 13.1 million.<\/p>\n

    Ethereum active addresses | Source: Nansen<\/em><\/figcaption><\/figure>\n

    Ethereum\u2019s stablecoin transactions have continued soaring this year, with the supply of these tokens rising to $170 billion and the transaction volume rising to $977 billion in the last 30 days. The network\u2019s stablecoin transactions rose to over 50.4 million.<\/p>\n

    <\/p>\n

    More data shows that Ethereum investors are moving staking pools, where they are earning about 2.85% in annual returns. Data shows the staking market has jumped to over $118 billion, up by $1 billion in the last 30 days. BitMine has continued staking its huge Ethereum hoard, which is a bullish thing.<\/p>\n

    Ethereum price technical analysis\u00a0<\/h2>\n
    \"Ethereum
    ETH price chart | Source: crypto.news<\/figcaption><\/figure>\n

    The daily timeframe chart shows that the Ethereum price has retreated from last year\u2019s high of $4,946 in August to the current $3,290. It has failed to move above the 200-day Exponential Moving Average, a sign bulls are losing momentum.<\/p>\n

    The token has formed a rising wedge pattern, which is characterized by two ascending and converging trendlines. A wedge is one of the most common bearish reversal patterns.<\/p>\n

    It has also formed a bearish pennant and bearish divergence patterns. Therefore, the coin will likely have a strong bearish breakout, potentially to the key support level at $2,623, its lowest level on November 21. This target is about 20% below the current level.<\/p>\n

    On the flip side, a move above the key resistance level at $3,500 will invalidate the bullish outlook and point to more upside.<\/p>\n

    <\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

    Ethereum price rally lost momentum this week, moving from a high of $3,387 on January 13 to the current $3,288 as concerns about the Market Structure Bill rose. Summary ETH…<\/p>\n","protected":false},"author":1,"featured_media":15504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-20070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=20070"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20070\/revisions"}],"predecessor-version":[{"id":20071,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/20070\/revisions\/20071"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15504"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=20070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=20070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=20070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}