<ul><li>This week witnessed substantial Ethereum ($ETH) outflows from exchanges, with net outflows exceeding $1.4 billion—the highest level since November.</li><li>According to analyst Ali Martinez, Ethereum’s price appears to be following an ascending parallel channel. If this trend holds, a dip to the channel’s lower boundary around $2,800 could act as a critical launchpad, potentially propelling Ethereum to the $6,000 mark.</li><li>In the past 34 hours, Fidelity, through its trading partner Cumberland, has deposited 64,997 ETH (valued at $213 million) into Coinbase. This significant transaction underscores the growing interest and involvement of institutional players in Ethereum.</li><li>On January 9, Ethereum ETFs collectively recorded a net outflow of 4,701 ETH, amounting to $15.21 million. Grayscale’s Ethereum Mini Trust alone accounted for 3,298 ETH ($10.67 million) in outflows, leaving its total holdings at 471,912 ETH, valued at approximately $1.53 billion.</li></ul>

Ethereum Market Update: Record Outflows, Accumulation Trends, and ETF Activity

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