Ethereum storage activity hits multiple records – Is ETH price ready for a crash?

In January 2026, the Ethereum community recorded a peak in staking activity, with several indicators reaching all-time highs. The realization of these records could reduce the supply of liquid and support the possibility of a potential price cliff.

Although the price of eth has been below the level of $ 3,500 for the last two months, analysts believe that a breakthrough may be imminent due to these positive signals on the chain.

Almost 36 million Ethereum are staked, representing about 30% of the supply

Data from ValidatorQueue indicates that Ethereum in storage has reached 35.9 million, representing 29.6% of the total circulating supply. At current prices, this equates to more than $119 billion.

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The graph highlights a remarkable growth since the beginning of January. Ethereum Stored rose from 35.5 million to 35.9 million, ending the long sideways movement it had since August of last year.

This growth occurred despite the price of eth falling by more than 30% since August. The data reflects a strong long-term belief among investors, and also strengthens the security and stability of the Ethereum network.

As of January 15, staking queues were over 2.5 million eth, the highest level since August 2023, while staking queues had dropped to zero.

This stage significantly drives storage activity from large institutions and publicly listed digital asset vaults (DATs).

Arkham said Tom Lee’s Bitmine has stored another 186,500 eth, worth more than $600 million. This move brought up his total stored eth 1.53 millionWith a value of more than $5 billion. In total, Tom Lee currently stores more than 1% of the total supply of Ethereum.

CryptoGoos commented Tom Lee holds billions of eth, and knows 100% more than us.

SharpLink (SBET), the first publicly listed company to use Ethereum as its primary treasury asset, said staking activity has generated more than $32 million since June. The total accumulated rewards are now at 11,157 ETH.

Ethereum hit another milestone in January when user activity reached an all-time high. This trend reflects strong participation in stablecoin transactions and DeFi protocols across the Ethereum network.

Analysts expect that, with these positive signals, Ethereum will be able to break the current resistance of $3,450 and rise towards $4,000. This forecast is also gaining support from the formation of a short-term “cup and handle” pattern.