Brief

#Ethereum is gaining momentum thanks to record staking activity and corporate purchases, despite price stabilization. Here are the latest updates:

Number of wallets exceeded 175.5 million (January 28, 2026) – network growth reached a new high as staking continues to withdraw ETH from exchanges.
Corporate treasuries increase ETH holdings (January 29, 2026) – public companies like BitMine are actively buying and staking ETH, indicating long-term confidence.
Price stabilized after weekend drop (January 29, 2026) – ETH shows technical signs of recovery, forming higher lows near key support.

Details

1. Number of wallets exceeded 175.5 million (January 28, 2026)

Overview: The Ethereum network reached a record 175.5 million active wallets, adding 5.16 million just in 2026 (Santiment). Meanwhile, ETH on centralized exchanges is gradually decreasing as staking remains popular, with the validator queue now at 54 days.

What it means: This is a positive signal for Ethereum, as sustained organic growth of unique addresses indicates deep adoption of the technology rather than mere speculation. Continuous transfer of ETH from exchanges to staking contracts reduces available supply, which could strengthen the price in the long term.

2. Corporate treasuries increase ETH holdings (January 29, 2026)

Overview: Public companies are significantly increasing their Ethereum reserves. BitMine added another 209,504 ETH to staking, bringing the total to over 2.2 million ETH, with corporate holdings now accounting for about 5% of the total ETH circulation (AMBCrypto).

What it means: This is a positive factor for Ethereum, as major institutional players demonstrate long-term confidence in the project. ETH is becoming a strategic asset generating income on company balance sheets, reducing market volatility and attracting additional institutional interest.

3. Price stabilized after weekend drop (January 29, 2026)

Overview: Ethereum’s price fell almost to $2800 over the weekend, but then recovered above $3000, showing signs of stabilization. Analysis notes the formation of higher lows and quick buyer intervention, with key resistance at the 50-day moving average (U.Today).

What it means: This is a neutral-positive signal for Ethereum in the short term. Holding above important support indicates absorption of selling pressure. A breakout above the 50-day EMA could lead to a move toward $3300, while failure might result in consolidation in the $2800–$3000 range.

Conclusion

Ethereum’s current dynamics are driven by sustained network growth and stable institutional accumulation, creating a solid fundamental base for technical consolidation. Will steady inflows via ETFs become the next catalyst for a breakout?