Key Insights:
- Bitmine stakes $1.62 billion in ETH, locking supply and signaling confidence in Ethereum price action.
- Ethereum network activity hits record highs with growing transaction and address counts.
- ETF inflows surge $174.5 million, indicating renewed institutional interest in ETH.
Ethereum price could target $3,500, drawing on the positivity around Bitmine staking over $1.6 billion in ETH.
In the same period, on-chain activity hit record highs, and Ethereum ETF flow data showed renewed institutional interest.
Notably, this is according to publicly shared staking updates and market flow tables.
Bitmine Expands Staking Portfolio With Over $1.6 Billion in ETH
Ethereum price momentum has drawn attention following a major staking update from Bitmine, a firm linked to Fundstrat’s Tom Lee.
On-chain data shared by Lookonchain showed that Bitmine staked another 82,560 ETH, valued at about $259 million, within a four-hour window.
This move brought the firm’s total staked holdings to 544,064 ETH, worth about $1.62 billion at current market prices.
The staking activity took place on the Ethereum network and reflects long-term positioning rather than short-term trading.
It is important to mention that staked ETH is locked to help secure the network and validate transactions.
This process reduces liquid supply, which market participants often monitor during price consolidation phases.
The scale of Bitmine’s staking portfolio places it among the largest known Ethereum stakers.
Similarly, the timing of the move coincided with rising network usage and improving institutional sentiment.
Meanwhile, market watchers often view large staking commitments as a signal of confidence in the future Ethereum price action and network role.
It is worth mentioning that staking also generates yield, which could attract capital during periods of lower volatility.
This combination of yield generation and supply reduction may influence Ethereum price dynamics over time, though no direct price outcome is guaranteed.
Ethereum Price Amid Network Transaction Outlook
It is important to state that Ethereum price trends have also aligned with a sharp rise in network activity.
As of writing, the latest market data shows that the ETH price was trading at $3,095.72, up by 1.4% in the past 24 hours.
Market analyst Joseph Young reported that Ethereum transactions reached an all-time high.
This milestone occurred alongside active addresses nearing a record level of 728,000.
New address creation also approached a historical peak, with about 270,000 new ETH addresses recorded.
These figures suggest strong participation from users and developers across decentralized finance, non-fungible tokens, and infrastructure projects.
High transaction volumes often indicate increased demand for block space. This demand can drive higher network fees and ETH usage.
Developer activity has also remained strong, supporting Ethereum’s role as the leading smart contract platform.
While high activity does not ensure price appreciation, it reflects network relevance.
Sustained usage is a core factor many investors consider when evaluating Ethereum price potential.
Ethereum ETF Flow Data Signals Shifting Institutional Sentiment
Ethereum price outlook has further support from recent ETF flow data shown in the shared image from Farside Investors.
The table details daily Ethereum ETF flows in millions of dollars across multiple issuers.
After several days of outflows in late December, Ethereum ETFs recorded a notable turnaround.
On January 2, net inflows reached about $174.5 million. This marked one of the strongest daily inflows during the period shown.
The cumulative data showed total inflows exceeding $12.5 billion across products, despite periods of volatility.
Some ETFs posted consistent inflows, while others saw mixed activity, reflecting varied investor strategies.
ETF flows are often used as a proxy for institutional interest. Renewed inflows could suggest improved confidence following weeks of consolidation.
Combined with rising staking and network usage, these flows may influence medium-term expectations.
Essentially, Ethereum price could respond to these structural factors if trends persist.
However, market conditions remain sensitive to broader macroeconomic and digital asset developments.
Source: https://www.thecoinrepublic.com/2026/01/04/ethereum-price-eyes-3500-rebound-after-bitmine-staking-surge/
