ETH is in recovery mode, with the asset topping $3,250 in late trading on Monday, its highest level since December 12.<\/p>\n
Ether has now gained<\/a> 16% since the beginning of this year, which is not even a week old yet. It has outperformed Bitcoin, which is only up 6.7% since New Year\u2019s Day.<\/p>\n \u201cEthereum is still cheap,\u201d said analyst \u2018Merlijn\u2019 who observed that it is still in accumulation territory.<\/p>\n \u201cWe\u2019re not in \u2018Take Profit\u2019 territory. We\u2019re in Accumulation. HODL. Expansion mode.\u201d<\/p>\n ETHEREUM IS STILL CHEAP.<\/p>\n Everyone wants to buy in the red zone\u2026 We\u2019re not in \u201cTake Profit\u201d territory. Real conviction is built long before headlines arrive. pic.twitter.com\/IhVoUHijDC<\/a><\/p>\n \u2014 Merlijn The Trader (@MerlijnTrader) January 5, 2026<\/a><\/p>\n\n Selling pressure appears to have diminished, and demand is likely to increase, driven by a renewed interest in Ether staking.<\/p>\n In its latest update on Monday, the world\u2019s largest Ether digital asset treasury, BitMine, revealed<\/a> that it has already staked a whopping $2.1 billion worth of ETH in just two weeks.<\/p>\n As of January 4, the company\u2019s total staked ETH stands at 659,219, an increase of 250,592 in the past week.<\/p>\n BitMine\u2019s stake equates to around 1.85% of the total amount of Ether staked on the Beacon Chain, which is currently 35.6 million.<\/p>\n Its aggressive staking has caused the validator entry queue to surge to 1.3 million ETH, its highest level since mid-November. Meanwhile, the exit queue has fallen back to July levels, near zero.<\/p>\n BitMine is currently working with three staking providers as the company moves towards unveiling its commercial MAVAN (Made in America VAlidator Network) in 2026.<\/p>\n \u201cAt scale (when Bitmine\u2019s ETH is fully staked by MAVAN and its staking partners), the ETH staking fee is $374 million annually, or greater than $1 million per day,\u201d stated chairman Tom Lee.<\/p>\n Earlier in January, BitMine asked<\/a> its shareholders to approve a massive increase in its authorized shares.<\/p>\n In addition to DATs, staking demand is also coming from US spot Ether exchange-traded funds.<\/p>\n On Monday, Grayscale became the first spot crypto ETF to distribute staking rewards.<\/p>\n \u201cSpot ETH ETFs didn\u2019t even exist a year and a half ago \u2026 Now [they\u2019re] making *staking* distributions to investors,\u201d said<\/a> ETF expert Nate Geraci.<\/p>\n \u201cWild how far the crypto ETF space has come in a short amount of time.\u201d<\/p>\n Bloomberg ETF analyst James Seyfart said<\/a> spot Ether ETFs were \u201cdoing okay considering the price performance of ETH, but they\u2019ve seen 18% of their flows leave.\u201d<\/p>\n The post Ethereum Topped $3,250 in Recovery as BitMine Stakes Over $2B ETH<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" ETH is in recovery mode, with the asset topping $3,250 in late trading on Monday, its highest level since December 12. Ether has now gained 16% since the beginning of this year, which is not even a week old yet. It has outperformed Bitcoin, which is only up 6.7% since New Year\u2019s Day. \u201cEthereum is […]<\/p>\n","protected":false},"author":0,"featured_media":124951,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-124950","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/124950"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124950"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/124950\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/124951"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nBut wealth is built in the blue & green bands.<\/p>\n
\nWe\u2019re in Accumulation. HODL. Expansion mode.<\/p>\nBitMine Staking Surges<\/h2>\n
Grayscale Distributes Staking Rewards<\/h2>\n