ETH (Ethereum) increased by 1.55% in the last 24 hours

Gate News Bot Message, February 03, According to CoinMarketCap data, at the time of press, ETH (Ethereum) is trading at $2,344.75, up 1.55% in the past 24 hours, with a high of $3,040.72 and a low of $2,158.94. The 24-hour trading volume reached $46.451 billion. The current market capitalization is approximately $282.996 billion, an increase of $43.13 million from yesterday.

Ethereum is a decentralized open-source blockchain network and software development platform powered by the cryptocurrency Ether (ETH). ETH is the native cryptocurrency of the Ethereum network, used to pay transaction fees and secure the blockchain through staking. Beyond its technical role, ETH is an open, programmable digital currency used for global payments, as collateral for loans, and as a store of value independent of any central entity.

Ethereum provides a leading platform for issuing, managing, and settling digital assets. From tokenized currencies and financial instruments to real-world assets and emerging markets, Ethereum offers a secure, neutral foundation for the digital economy. Currently, the total value locked in DeFi is $11.83 billion, with $8.324 billion staked to secure Ethereum, and the average transaction cost is $0.0064.

Important Recent ETH News:

1️⃣ Institutional Large-Scale Staking Accumulation Continues, Long-Term Value Recognition Strengthens Bitmine has recently increased its Ethereum staking significantly, accumulating a total of 2,516,896 ETH, worth approximately $74.5 billion, making it one of the largest single participants globally. In the past 24 hours, an additional 147,072 ETH have been staked, equivalent to about $4.405 billion in capital. This sustained accumulation indicates that institutions view crypto assets as productive capital rather than purely trading tools, earning over $1 million daily through validation and reward mechanisms. The large-scale locking by institutions directly reduces circulating supply, providing long-term price support, and also enhances the security and resilience of Ethereum’s proof-of-stake mechanism.

2️⃣ Spot ETF Capital Flows Diverge, Short-Term Sentiment Remains Complex The US spot Ethereum ETF recently saw a net inflow of approximately $28.095 million in a single day, with BlackRock’s ETH A leading the inflow at $27.343 million. However, different institutional investors show clear divergence in attitude, with this allocation more reflecting phased position adjustments rather than a full-scale risk appetite rebound. As of now, the total net asset value of spot ETFs is $18.223 billion, accounting for 5.01% of Ethereum’s total market cap, with a cumulative net inflow of $12.383 billion. This data indicates significant institutional participation, but the current slowdown in growth warrants attention to subsequent capital movements.

3️⃣ Accelerating Ecosystem Infrastructure Development, Expanding Application Layer Prospects Sony Innovation Fund has invested an additional $13 million in Startale Group to promote on-chain infrastructure development based on the Soneium ecosystem, including the integration of wallet functions in the Startale App and the stablecoin USDSC. Fidelity announced the launch of a stablecoin FIDD on Ethereum compliant with US GENUIS regulations, reflecting traditional financial institutions’ recognition of Ethereum’s application scenarios. Additionally, the Ethereum Foundation is advancing the ERC-8004 standard to lay the foundation for AI agents to build decentralized service markets on-chain. These initiatives collectively point to a comprehensive upgrade of Ethereum’s ecosystem in stablecoins, enterprise collaborations, and AI integration.

4️⃣ Derivatives Risk Structure Clarifies, Liquidity Pressure at Key Price Levels Data from Coinglass shows that if ETH falls below $2,863, the liquidation strength on major CEXs for long positions will reach $1.274 billion; if it breaks through $3,163, short position liquidations will reach $1.215 billion. Over the past 24 hours, total liquidations across the network reached $346 million, with ETH contributing approximately $34.747 million. Liquidity is gradually accumulating below $2,900, attracting some large funds to form support at this level. However, if it falls below this zone, liquidity rebalancing could trigger chain reactions of liquidations. Some large funds have opened 25x shorts at high levels (average entry price $2,950.69), while longs are also increasing positions at lower levels (e.g., Huang Licheng increased holdings by 1,200 ETH at an average price of $2,977), indicating intense market battles around this price range.

5️⃣ Protocol-Level Anti-Censorship Capability Construction Initiated, Long-Term Network Resilience Enhanced Ethereum researchers propose including FOCIL anti-censorship core functions in the Hegota upgrade (scheduled for late 2026). FOCIL modifies fork selection rules to force inclusion of valid transactions within a limited time, allowing multiple validators to jointly enforce transaction inclusion rather than relying on a single block builder. This mechanism aims to reduce dependence on centralized validators, mitigate potential large-scale transaction censorship risks, and further strengthen Ethereum’s core value as an uncensored, neutral blockchain.

This message is not investment advice. Please be aware of market volatility risks.