ETH (Ethereum) down 1.57% in the last 24 hours

Gate News Bot Message, January 09, according to CoinMarketCap data, as of press time, ETH (Ethereum) is trading at $3109.51, down 1.57% in the past 24 hours, with a high of $3303.56 and a low of $3052.51. The 24-hour trading volume reached $23.211 billion. The current market capitalization is approximately $375.302 billion, a decrease of $5.99 million from yesterday.

Ethereum is a decentralized open-source blockchain network and software development platform supported by the cryptocurrency Ether (ETH). As a secure global infrastructure, Ethereum lays the foundation for the next generation of unstoppable applications. The network is open to everyone, permissionless, built and maintained by thousands of individuals, organizations, and users worldwide.

Ether (ETH) is the native cryptocurrency that drives the Ethereum network, used to pay transaction fees and secure the blockchain through staking. As an open programmable digital currency, ETH is widely used for global payments, collateral for loans, and store of value. Currently, DeFi assets locked in the Ethereum ecosystem amount to $147.9 billion, with staking value protected at $113.2 billion. In the past 24 hours, there have been 16.88 million transactions, and the network operates stably and efficiently.

Recent Important ETH News:

1️⃣ Truebit Protocol Security Incident Leads to Theft of 8,535 ETH The blockchain computation scaling protocol Truebit was recently targeted by a malicious attack, exploiting its smart contracts, resulting in the theft of 8,535 ETH (approximately $26.44 million). This incident has negatively impacted market sentiment and highlights security risks at the application layer within the ecosystem. Truebit has advised users to avoid interacting with affected contracts and is working with law enforcement agencies to investigate. Such security events may cause temporary impacts on investor confidence in the Ethereum ecosystem.

2️⃣ Institutional Accumulation and Large-Scale Staking Support Bottom Formation Bitmine, the largest corporate holder of ETH, has invested $105 million to increase its holdings early 2026 and currently holds $915 million in cash reserves, demonstrating strong confidence in medium- to long-term value. The institution has accumulated 4.07 million ETH, accounting for 3.36% of Ethereum’s supply, with a goal to increase to 5%. Recently, Bitmine has accelerated staking activities, currently staking about 908,000 ETH, with an additional 128,000 ETH staked recently. This indicates that institutions are not only focused on price but also on participating in the network’s long-term yield structure. The US Ethereum ETF also shows net inflow signals, with a net inflow of 25,608 ETH today, contrasting with net outflows from BTC ETFs, reflecting a relatively optimistic market attitude toward Ethereum.

3️⃣ Macro De-Risking Process Near Completion, Liquidity Risks Easing JPMorgan analysts believe that the previous “de-risking” process in the crypto market is nearing its end, with Bitcoin and Ethereum ETF fund flows showing signs of stabilization. The bank notes that the phase of simultaneous deleveraging by retail and institutional investors in Q4 2025 has basically ended, with perpetual contracts and futures holdings indicating easing selling pressure. JPMorgan’s decision not to exclude crypto reserve companies from global stock indices further reduces systemic de-risking risks. This suggests the market is transitioning from a passive deleveraging phase to an active position-building phase.

4️⃣ Derivatives Market Liquidation Pressure Still Needs Attention According to derivatives data, if ETH breaks above $3,279, the liquidation strength of major CEX short positions will reach $1.554 billion; conversely, if it falls below $2,971, long positions will be liquidated with a strength of $929 million. Ethereum options expiring this Friday have a notional value of $384 million, with the maximum pain point at $3,100. Open interest in call options is concentrated above $3,000. Whales have completed short liquidations and shifted to 3x leveraged longs of 20,000 ETH (worth about $62.2 million). Over the past 24 hours, ETH contracts have experienced $77.5 million in liquidations, predominantly longs, indicating short-term volatility risks remain.

This message is not investment advice. Please be aware of market volatility risks when investing.