Ethereum whale makes $110 million move as market pressure mounts

Ethereum (Ethereum) is under significant selling pressure in January 2026 as whale wallets and institutional investors moved $110 million worth of funds. Ethereum Go to a major exchange.

At the same time, the Coinbase Premium Index shows weakening demand across the US market. Nevertheless, rising staking demand and supporting technical signals point to a cautiously optimistic outlook for this asset.

Massive Ethereum signals increased activity from whales and institutions

On-chain data shows a wave of large-scale Ethereum transactions. Blockchain analytics firm Lookonchain reported that the wallet was identified as 0xB3E8 and the transaction was initiated. Ethereum 8 years ago, 13,083 transfers Ethereumworth approximately $43.35 million, was given to Gemini last week.

Despite the recent activity, there are still 34,616 in the wallet. Ethereumworth approximately $115 million.

In addition to whales, institutional investors are also making noteworthy moves. Lookonchain noted that Ethereum finance company FG Nexus sold 2,500 units Ethereumworth approximately $8.04 million.

“Ethereum Holding Company FG Nexus Sells Another $2,500Ethereum($8.04M) still holds 37,594 $Ethereum($119.7 million). their last $Ethereum The sale was in November 2025, and $10,975 was transferred at that time.Ethereum($33.6 million) to Galaxy Digital on November 18th and 19th,” the post reads.

Additionally, Lookonchain revealed that $7,798 was transferred from a wallet that may be linked to venture capital firm Fenbushi Capital. Ethereum That’s worth $25 million to Binance. The token was staked for two years before being put into circulation again.

It is worth noting that, as assets are commonly transferred to centralized exchanges to access liquidity and execute trades, market participants often view inflows to these exchanges as an early signal of a potential sell.

However, these movements do not necessarily lead to immediate market sales, as the funds may be intended for internal rebalancing, collateral deployment, hedging strategies, or over-the-counter settlement. As a result, exchange deposits may increase short-term sale risk, but do not in and of themselves confirm that liquidation is imminent.

Alongside these on-chain movements, market-based indicators provide additional context on the current situation. The Coinbase Premium Index, which measures the percentage difference between Coinbase Pro price (USD pair) and Binance price (USDT pair), is in negative territory. This indicates relatively weak demand from US-based institutional investors.

Ethereum staking and technical signals suggest resilience

Nevertheless, the Ethereum staking ecosystem continues to show strong demand. 2.7 million based on validator queue data Ethereum You will be in the entry queue to start staking, resulting in a 47-day wait. This large backlog indicates strong interest in validator participation and long-term support of the network.

The comparison between entry and exit queues is noteworthy. 36,960 Ethereum I’m waiting for you to come out. This imbalance suggests that while some large holders are selling, the broader validator base is working to earn staking rewards and secure the network.

Additionally, market analysts point out technical signals that suggest further gains in the asset. Analyst Crypto Gala commented on the current structure as follows: Ethereum It appears to be in a re-accumulation phase. The analyst added that a move towards $3,600 could materialize.

According to the latest data from BeInCrypto Markets, the trading price of Ethereum fell by 1.11% to $3,166.51. An important development to watch going forward will be whether selling pressure continues to weigh on assets, or whether bullish momentum regains control.

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