ETH (Ethereum) decreased by 1.82% in the past 24 hours

Gate News Bot Message, December 30th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is currently priced at $2930.85, down 1.82% in the past 24 hours, with a high of $3051.94 and a low of $2888.99. The 24-hour trading volume reached $25.497 billion. The current market capitalization is approximately $353.739 billion, a decrease of $6.566 billion from yesterday.

Important recent news about ETH:

1️⃣ Institutional large-scale accumulation boosts bullish expectations, corporate holdings hit record highs Hong Kong investment firm Trend Research continues to increase its Ethereum holdings, recently spending about $35 million to purchase 11,520 ETH, bringing its total ETH holdings to approximately 601,000 ETH. At current prices, this amounts to a market value close to $1.83 billion, making it one of the largest corporate ETH holders globally. Data shows that the firm has borrowed about $958 million in stablecoins via Aave to continue accumulating, with an average purchase cost of around $3,265. Additionally, Liquid Capital founder Yi Lihua publicly stated they will keep buying ETH until a major bull market arrives, with their institutional holdings now the largest ETH long position in the industry. Nasdaq-listed company iPower also spent $883,600 to buy 301.1 ETH at an average price of $2,934.67, with plans to further increase holdings in the coming weeks. These large-scale institutional positions reflect a strong market confidence in Ethereum’s medium- to long-term value.

2️⃣ Staking inflows reverse, validator confidence significantly rebounds Ethereum’s staking queue experienced its first reverse flow in six months, with approximately 745,619 ETH in the queue, waiting around 13 days, while about 360,518 ETH exited the queue, with an average wait of about 8 days. The new staking inflow is nearly twice the amount of withdrawals, indicating a clear rebound in validator confidence in the network and price outlook. BitMine has staked 408,627 ETH, worth about $1.2 billion, and plans to launch a custom infrastructure called MAVAN designed specifically for Ethereum staking in Q1 2026. On-chain data shows that the surge in staking inflows is supported by multiple factors, including the upcoming Pectra upgrade, optimized staking thresholds, and DeFi deleveraging. Historical experience suggests that when staking inflows exceed outflows, prices often rebound; a similar reversal in June last year saw ETH’s price double.

3️⃣ On-chain activity hits new highs, ecosystem development momentum remains strong The number of smart contracts deployed on Ethereum in Q4 reached 8.7 million, a record high, demonstrating active ecosystem development and rapid application iteration. On-chain token distribution shows that ETH priced between $2,700 and $3,100 has accumulated 17.9 million ETH, accounting for 22.6% of the total circulating supply. The $2,700 level forms the highest concentration zone in the current token distribution, serving as a key support level. In late November, significant capital was seen bottom-fishing in the $2,700–$2,800 range, with no clear signs of substantial profit-taking yet, indicating a certain consensus among institutions. Meanwhile, the Japanese government released a blueprint for tax reforms in 2026, reducing cryptocurrency tax rates from a maximum of 55% to 20%, aligning with stock and investment trust fund tax rates. This favorable policy likely applies to registered financial institutions operating specific crypto assets, including Bitcoin and Ethereum. The Hong Kong Monetary Authority also confirmed that from January 1, 2026, it will fully implement new banking capital regulations based on Basel Committee standards, further refining crypto asset regulation.

4️⃣ Spot ETF continues to see net outflows, derivatives market shows divergence Ethereum ETFs have experienced noticeable outflows, with a net outflow of 29,287 ETH worth $85.96 million over the past 7 days, consistent with Bitcoin ETF outflows, reflecting cautious investor sentiment. Conversely, the derivatives market shows different characteristics, with smart money maintaining approximately $117 million in ETH net short positions, but increasing about $15 million in long positions over the past 24 hours, indicating a softening of short-term downside risk sentiment. The Gate ETF trading volume over the past 30 days was about $5 billion, with ETH leverage tokens (ETH5S, ETH5L) particularly active, highlighting ongoing market arbitrage demand for Ethereum’s volatility.

This message is not investment advice; please be aware of market risks.