{"id":93704,"date":"2026-01-29T13:51:25","date_gmt":"2026-01-29T10:51:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=93704"},"modified":"2026-01-29T13:55:21","modified_gmt":"2026-01-29T10:55:21","slug":"ethereum-exchange-balances-plummet-amid-staking-frenzy","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/ethereum-exchange-balances-plummet-amid-staking-frenzy\/","title":{"rendered":"Ethereum Exchange Balances Plummet Amid Staking Frenzy"},"content":{"rendered":"<p>The share of the second-largest cryptocurrency by market capitalization on trading platforms has been declining for six consecutive months, according to experts at Santiment.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83e\udd11 Ethereum&#8217;s amount of non-empty wallets on the network has now ballooned to over 175.5M, a record among all cryptocurrencies. As staking continues to be of strong interest, especially while markets move sideways, exchange supply will continue to shrink as well. <a href=\"https:\/\/t.co\/sbDzmoRRS5\">pic.twitter.com\/sbDzmoRRS5<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/2016229119487340916?ref_src=twsrc%5Etfw\">January 27, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In July 2024, Ethereum exchange balances peaked at 12.31 million coins. By January 2026, this figure had fallen to 8.15 million ETH.<\/p>\n<p>Experts anticipate a continued outflow of assets from trading platforms amid Ethereum&#8217;s weak price dynamics. The asset has been trading in a narrow range of $2900-3300 over the past month.<\/p>\n<p>At the time of writing, the leading altcoin is priced at approximately $2940.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-dd1091112fd34036-4900034250917785.webp\" alt=\"image\" class=\"wp-image-274218\"\/><figcaption class=\"wp-element-caption\">Hourly chart of ETH\/USDT on Binance. Source: <a href=\"https:\/\/ru.tradingview.com\/chart\/?symbol=BINANCE%3AETHUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>The key driver of liquidity reduction is the high interest in staking, analysts highlighted. A total of 36.5 million coins are locked in the network, accounting for 30% of the cryptocurrency&#8217;s total supply.<\/p>\n<p>The validation queue has reached a record 3.7 million coins, with the waiting period extending to 64 days.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-80d936c5b8fd7a47-4900060967960694.webp\" alt=\"image\" class=\"wp-image-274219\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.validatorqueue.com\/\">ValidatorQueue<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Ethereum Forecasts<\/h2>\n<p>Analysts view the current trend as a technical correction for retesting support levels before resuming growth.<\/p>\n<p>An expert known as Annie noted that technical analysis using the <a href=\"https:\/\/forklog.com\/en\/news\/the-wyckoff-method-what-it-is-and-how-to-use-it-in-trading\">Wyckoff method<\/a> indicates a potential breakout of the cryptocurrency&#8217;s price above the $10,000 mark.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"zh\" dir=\"ltr\">\u4ee5\u592a\u574a\u73b0\u5728\u8be5\u6d17\u7684\u90fd\u6d17\u5b8c\u4e86\uff0c\u8be5\u5438\u7684\u90fd\u5438\u591f\u4e86<\/p>\n<p>\u4e3b\u529b\u5230\u4f4d\uff0c\u7ed3\u6784\u5b8c\u6210\uff0c\u53ea\u5dee\u4e00\u4e2a\u7a81\u7834<\/p>\n<p>\u884c\u60c5\u4e00\u65e6\u542f\u52a8\u4f1a\u5782\u76f4\u62c9\u5347\uff0c\u7b80\u79f0\uff1a\u62c9\u98de\u4e86<a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> \u76ee\u6807\u4ef7\uff1a$10,000<\/p>\n<p>\u672c\u6587\u7531 <a href=\"https:\/\/twitter.com\/Gate_zh?ref_src=twsrc%5Etfw\">@Gate_zh<\/a> \u8d5e\u52a9 | \u4e0a Gate App \u62a2\u9ec4\u91d1 <a href=\"https:\/\/t.co\/6jUonivAQy\">pic.twitter.com\/6jUonivAQy<\/a><\/p>\n<p>\u2014 Annie \u6240\u957f (@web3annie) <a href=\"https:\/\/twitter.com\/web3annie\/status\/2015244915941507422?ref_src=twsrc%5Etfw\">January 25, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe structure is complete, only the final breakout remains. Once the market starts, it will surge vertically. The target price for ETH is $10,000,\u201d she wrote.<\/em><\/p>\n<\/blockquote>\n<p>A specialist under the pseudonym Bitcoinsensus shares this optimism, calling Ethereum reaching $10,000 in the current cycle a \u201cstill possible scenario.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Is a $10K <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> on the table for this cycle?<\/p>\n<p>Looking at previous price performance, we can see that <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> has gone through massive upswings. \ud83d\udcc8<\/p>\n<p>Each cycle though, we&#8217;ve experienced diminishing returns.<\/p>\n<p>If we apply the same logic, we could see <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> reach somewhere between\u2026 <a href=\"https:\/\/t.co\/MppxSbNpGz\">pic.twitter.com\/MppxSbNpGz<\/a><\/p>\n<p>\u2014 Bitcoinsensus (@Bitcoinsensus) <a href=\"https:\/\/twitter.com\/Bitcoinsensus\/status\/2013914718814318835?ref_src=twsrc%5Etfw\">January 21, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A researcher known as Crypto Caesar specified the condition for such growth: the asset needs to break the monthly resistance in the $4500-5000 zone.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Sooner or later (few years) <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> \u2014 <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&#038;ref_src=twsrc%5Etfw\">#Ethereum<\/a> will break that red zone and we will reach 10K. <\/p>\n<p>It\u2019s very important to stay active in this space. When KOL\u2019s are switching to other busines ideas etc. you know the bottom is close. <\/p>\n<p>It\u2019s a matter of time. On-chain season will come\u2026 <a href=\"https:\/\/t.co\/gO1vBIqVi7\">pic.twitter.com\/gO1vBIqVi7<\/a><\/p>\n<p>\u2014 Crypto Caesar (@CryptoCaesarTA) <a href=\"https:\/\/twitter.com\/CryptoCaesarTA\/status\/2015766686427680823?ref_src=twsrc%5Etfw\">January 26, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Short-term forecasts are more restrained. After an unsuccessful test of the $3000 level, investor Ted Pillows <a href=\"https:\/\/x.com\/TedPillows\/status\/2016800302314189310\">pointed out<\/a> the possibility of a drop to the $2800-2850 zone, which held up during last week&#8217;s testing.<\/p>\n<p>A trader under the pseudonym Daan Crypto Trades called the $2800 mark \u201cthe most significant area for Ethereum in its history.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> The amount of times this $2.8K level has been tested on both sides this cycle is pretty insane.<\/p>\n<p>Most impactful price area for Ethereum in history by far. <a href=\"https:\/\/t.co\/5RM7wUY2jQ\">pic.twitter.com\/5RM7wUY2jQ<\/a><\/p>\n<p>\u2014 Daan Crypto Trades (@DaanCrypto) <a href=\"https:\/\/twitter.com\/DaanCrypto\/status\/2016783622414749991?ref_src=twsrc%5Etfw\">January 29, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cThe number of tests of this $2800 level on both sides in the current cycle is truly impressive,\u201d he wrote.<\/em><\/p>\n<\/blockquote>\n<p>Following the Fusaka update, activity on the main Ethereum network <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-activity-surpasses-l2-networks-following-fusaka-update\">surpassed<\/a> the performance of <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">L2<\/a> solutions.<\/p>\n<p>Analysts at JPMorgan <a href=\"https:\/\/forklog.com\/en\/news\/jpmorgan-questions-ethereums-long-term-activity-sustainability\">expressed doubts<\/a> about the long-term sustainability of the blockchain&#8217;s metrics for the second-largest cryptocurrency by market capitalization.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of the second-largest cryptocurrency by market capitalization on trading platforms has been declining for six consecutive months, according to experts at Santiment.<\/p>\n","protected":false},"author":1,"featured_media":93705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Ethereum exchange balances have been declining for six months amid staking interest.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1289,46,1138,1478],"class_list":["post-93704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-cryptocurrency-staking","tag-ethereum","tag-opinions","tag-santiment"],"aioseo_notices":[],"amp_enabled":true,"views":"137","promo_type":"1","layout_type":"1","short_excerpt":"Ethereum exchange balances have been declining for six months amid staking interest.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=93704"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93704\/revisions"}],"predecessor-version":[{"id":93706,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/93704\/revisions\/93706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/93705"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=93704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=93704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=93704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}