The post ETH Consolidates as Open Interest and Staking Quietly Build Pressure appeared on BitcoinEthereumNews.com.

ETH consolidates near $3,100, holding above key averages, signaling balanced trading. Futures open interest near $40B shows elevated leverage, hinting at potential sharp moves. Increased staking removes supply, quietly building structural pressure for future volatility Ethereum continues to trade within a narrow range after rebounding strongly from late-December lows. Price action around the $3,100 level reflects consolidation rather than exhaustion. Market data shows ETH holding above key moving averages, suggesting balance between buyers and sellers.  Short-Term Structure Holds Above Critical Support On the 4-hour chart, ETH remains capped below the $3,300 swing high. However, higher lows from the $2,700 region continue to support the broader recovery structure. Consequently, the market still respects the prior upside impulse.  Immediate resistance sits between $3,130 and $3,150, where short-term averages converge. A sustained move above this band could expose the $3,290 to $3,300 zone. That area aligns with a key Fibonacci retracement and prior supply. Above that, $3,450 marks the upper boundary of the former range. ETH Price Dynamics(Source: TradingView) Support remains well defined. The $3,080 to $3,100 zone acts as the current value area. Additionally, the $3,000 to $2,995 region offers strong structural backing.  Related: Story Price Prediction: IP Extends Rally After Key Breakout Signals… Failure there would shift focus toward $2,890. A break below $2,716 would invalidate the recovery narrative. Moving averages between the 100 and 200 periods now cluster around price. Hence, ETH trades in equilibrium rather than trend expansion. Derivatives and Spot Flows Signal Tension Source: Coinglass Futures data adds another layer to the setup. Ethereum open interest continues to expand despite sideways price action. Open interest remains near cycle highs around $40 billion. This behavior suggests traders rotate leverage rather than exit positions.  Historically, such conditions increase the likelihood of sharp directional moves. Moreover, elevated leverage often amplifies liquidation-driven…

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Filed under: News - @ January 12, 2026 3:28 pm