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CoinGape 2025-01-21 11:43:24

Key Price Levels To Watch As Ethereum Foundation Explores Staking Options

Ethereum (ETH) remained relatively stable at around $3,300 as Bitcoin (BTC) hit an all-time high of $109,000 as the Ethereum Foundation explores staking options amid community uproar. ETH’s lackluster price performance comes after President Donald Trump made no crypto-related annoucements during his inaugural address on Monday. Ethereum Price Today: Why is ETH up No data found for ethereum on 10 minutes ago% Ethereum price today hit a daily high of No data found for ethereum on 10 minutes ago and has dropped No data found for ethereum on 10 minutes ago% since then. On January 21, ETH trades at No data found for ethereum on 10 minutes ago as of No data found for ethereum on 10 minutes ago. *Ethereum price updated as of No data found for ethereum on 10 minutes ago. Ethereum Foundation To Explore Staking Options Due to Community Uproar Lately, the Ethereum Foundation has come under massive criticism for selling ETH to fund its day-to-day activities. Coupled with ETH’s lackluster performance in 2024 and 2025, many supporters questioned why the foundation has not considered using Decentralize Finance (DeFi) protocols to borrow or stake nearly $800 million worth of ETH lying in its war chest and why it is considering selling ETH. As a result of the community uproar, the Etheruem Foundation is considering staking their ETH and using the generated revenue for expenses instead of swapping ETH for stablecoins. Vitalik Buterin, the creator of Ethereum, noted, “We are in the process of large changes to EF leadership structure, which has been ongoing for close to a year. Some of this has already been executed on and made public, and some is still in progress.” Concerning the sale of ETH for stables, Buterin added that one of the goals included increasing, “our use of decentralized and privacy tech and the Ethereum chain, including for payments and treasury management” Ethereum Technical Analysis: Current state of ETH Ethereum price is attempting to reclaim the 21-day composite range, extending from $3,279 to $3,488. This composite value area was created between December 20, 2024, and January 10, 2025. A reclaim of $3,279 will likely propel ETH to the range high of $3,488. The increasing volume and bouncing Relative Strength Index (RSI) show strength and signal the increasing bullish outlook after the Ethereum Foundation accepts its shortcomings and explores staking and other DeFi options instead of swapping ETH for stablecoins, which adds headwinds for the price. Strategic Dip Buying Levels In case the price fails to overcome the $3,279 resistance, the critical support barrier is $3,060 or roughly $3,000. Beyond this, the 50-day MA at $2,981 and the $2,800 levels are good places where long-term investors can consider scooping ETH at a discount. Key Ethereum Price Levels To Book Profits The short-term Ethereum price forecast hints investors should keep an eye on these key resistance levels at $3,279 and $3,488. Additionally , the 200-day Moving Average (MA) at $3,527 is another level for investors to book profits. From a long-term outlook, Ethereum could reach $3,656, the 2024 highs at $4,098 and the all-time high of $4,878. Beyond these important levels, the price could set up a new all-time high at $5,165 and $6,900, which coincide with the 161.8% and 261.8% Fibonacci extension levels of the range formed in early November 2024 and late December 2024, respectively. The post Key Price Levels To Watch As Ethereum Foundation Explores Staking Options appeared first on CoinGape .

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