Ethereum Staking Activity Sets Multiple Records — Is ETH Price Ready for a Breakout?

In January 2026, Ethereum staking activity reached multiple all-time highs, with nearly 36 million ETH staked, representing 29.6% of the total circulating supply, valued over $119 billion. This surge, which followed a sideways phase since August, suggests strong long-term investor conviction despite a 30% price drop in that period. Key metrics like the staking queue hitting a high of 2.5 million ETH (since August 2023) and the unstaking queue dropping to zero further support this positive trend. Major institutional activity, including Tom Lee's Bitmine staking over 186,500 additional ETH, and activity from publicly listed Digital Asset Treasuries like SharpLink, are driving these milestones. Coupled with record-high user activity on the network, analysts forecast that these bullish on-chain signals could push the ETH price above the $3,450 resistance toward a $4,000 rally, supported by a short-term cup-and-handle pattern.

(Source：BeInCrypto)