“That’s a quick turnaround for ETH,” said MN Fund founder and crypto YouTuber Michaël van de Poppe on Wednesday. The analyst added that the asset has “almost entirely reclaimed the losses of last week against Bitcoin.” “That’s a strong signal, and I think that there’s more to come as it’s holding a crucial level of support.” Ether Heading Back to Resistance ETH prices gained 2.6% on the day to reach $3,028 during the Wednesday morning trading session in Asia. The asset was holding just above the psychological $3,000 barrier at the time of writing. Ether only remained below this level for six days, and now appears to be heading for the next resistance zone at $3,100. That’s a quick turn-around for $ETH . It’s almost entirely reclaiming the losses of last week against Bitcoin. That’s a strong signal, and I think that there’s more to come as it’s holding a crucial level of support. pic.twitter.com/vmuyYqBRyH — Michaël van de Poppe (@CryptoMichNL) January 27, 2026 Glassnode analyst Chris Beamish reported on Tuesday that Ether is “trading on a dense cost basis cluster, a key breakeven zone for many holders.” “Holding here suggests absorption and base building, but a breakdown would move price into thinner support where underwater supply may derisk. Next move hinges on this level.” Santiment reported on Wednesday that Ethereum’s amount of “non-empty wallets on the network” has now ballooned to over 175 million, 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.” Ethereum Fundamentals Are Strong Ethereum’s validator network is so strong, and “we see continued demand to become a validator and stake ETH,” said Blockchain Technology Consensus Solutions CEO Charles Allen on Tuesday. Over the past month, staking withdrawals have dropped to about a one-day wait, while the deposit queue has grown to more than 54 days, he added. “In simple terms, far more people and companies want to stake ETH than exit. This is a strong signal for network security and validator participation.” Meanwhile, Bitwise reported that last quarter, companies bought more than 1 million ETH worth $3.5 billion, the number of public companies holding ETH increased 40%, and Ether corporations accounted for 5% of all Ethereum holdings. “Probably nothing,” they quipped. The post Ethereum Price Reclaims $3K in ‘Quick Turnaround’ Amid Solid Fundamentals appeared first on CryptoPotato .
