2026-01-12 21:41:29

- Retail traders for ETH are distributing alongside American investors:

However, the buying momentum among large and small investors is met with intense distribution by retail traders. Digital asset wallets holding between 100 and 1,000 ETH, and those holding between 1,000 and 10,000 ETH, sold a total of 830,000 ETH last week.

Ethereum holdings by holder value. Source: CryptoQuant

A similar activity is observed in the Coinbase Premium index, which measures the difference between the ETH price on Coinbase Pro and Binance. The index sharply declined again last week after a brief rebound at the beginning of the year, indicating increased selling by American investors.

Additionally, Ethereum investment products experienced outflows of $116 million last week, according to CoinShares data.

ETH-6,9%

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Before00zero

2026-01-12 21:40:10

- Ethereum Price Outlook: Ethereum is struggling to determine its direction within a narrow range of the (EMA) for 20 and 50 days.
Ethereum's network experienced $52.5 million in futures liquidations over the past 24 hours, led by long positions totaling $30.6 million, according to Coinglass data.

Ethereum is currently testing the 20-day exponential moving average, which is above the psychological support level of $3000, a support level maintained throughout the weekend. Meanwhile, this leading altcoin faces resistance near the 50-day exponential moving average at around $3130.

Daily ETH/USDT Chart

A strong move above the 50-day EMA could push ETH to test the resistance level at $3260, which is just below the 100-day EMA, that caused prices to decline last Wednesday.

A breakdown below the 20-day EMA could find support for Ethereum near $2900.

The Relative Strength Index (RSI) and the Stochastic (Stoch) are trending downward and testing their neutral levels. A sharp decline below these levels could accelerate the bearish momentum.

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Before00zero

· 01-12 21:42

The increase in retail distribution and selling pressure in the United States offset the buying momentum from major investors and derivatives traders.

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