Ethereum Price Dips 3% to $2,283 as Spot ETF Hype Fades and Macro Hits

Ethereum price dipped 3.0% to $2,283.27 over the past 24 hours, per CoinMarketCap data. Market capitalization fell to $275.4 billion.

The U.S. SEC approved spot Ethereum exchange-traded funds (ETFs) in July 2024. Inflows peaked in early August but slowed, per Glassnode data. Macro factors like inflation above 3% now dominate, according to U.S. Bureau of Labor Statistics figures.

Ethereum transitioned to proof-of-stake (PoS) via The Merge in September 2022. The upgrade slashed energy use by 99.95% and enabled average staking yields of 4%.

Spot ETF Inflows Fade, Pressuring Ethereum Price

BlackRock's iShares Ethereum Trust (ETHA) and Fidelity's Ethereum Fund attracted $1.2 billion in net inflows during week one. These mirrored Bitcoin spot ETF launches that drove BTC up 150% year-to-date.

Inflows reversed to $180 million in net outflows last week. Glassnode data shows traders shifted to safer assets.

Ethereum price trades below $2,500 support, down 53% from its $4,878 all-time high in November 2021. Year-to-date, ETH rose 15% against Bitcoin's 45% gain.

Europe's MiCA regulation demands full compliance by January 2026. Coinbase and Kraken upgraded systems, reducing speculation while building stability.

DeFi platform Uniswap recorded $1.5 billion in volume last week, per Dune Analytics. Stable Ethereum price supports liquidity for protocols like Aave.

Macro Headwinds Weigh on Ethereum Price

The Federal Reserve kept rates steady at its December 17, 2025, meeting. U.S. Bureau of Labor Statistics reported inflation at 3.2%.

Ethereum price shows 0.85 correlation with the Nasdaq-100 over 90 days. Elevated rates limit funding for layer-2 solutions like Optimism (OP) and Arbitrum (ARB), where developer activity dropped 12%.

Glassnode data indicates long-term holders sold 28,000 ETH for $250 million in profits. Exchange inflows rose 22% near $2,283.

Bitcoin dominance reached 56.2%, highest since October 2025. ETH fell 3.0% as BTC dropped 1.5%.

• Metric: Price (USD) · Ethereum: $2,283.27 · Bitcoin: $74,000
• Metric: 24h Change · Ethereum: -3.0% · Bitcoin: -1.5%
• Metric: Market Cap · Ethereum: $275.4B · Bitcoin: $1.46T
• Metric: Circulating Supply · Ethereum: 120.6M · Bitcoin: 19.8M
• Metric: Staked Supply · Ethereum: 30.1M (25%) · Bitcoin: N/A

CoinMarketCap data as of January 15, 2026. Ethereum's 120.6 million circulating supply limits upside versus Bitcoin's 21 million cap.

Ethereum Price Dip Sparks Liquidations

Retail traders suffered $65 million in liquidations on Binance, exchange data shows. Overleveraged positions worsened losses in the 3% decline.

Institutions hold off on ETF purchases. BlackRock posted flat assets under management last week; pension funds await Fed policy shifts.

Dencun upgrade reduced layer-2 fees by 85% since March 2024. Optimism transactions now average $0.01, narrowing the gap with Solana.

Staking reached 30.1 million ETH after The Merge, per beaconcha.in. Yields range from 3.8% to 4.2%.

Roadmap for Ethereum Price Recovery

Ethereum price requires a $2,500 breakout to reignite ETF demand. The Fed's March 2026 meeting may deliver a rate cut if inflation falls to 2.5%.

MiCA strengthens EU platforms like Kraken, which anticipate 20% demand growth from compliant products.

CoinDesk reports 410,000 daily active addresses, up 5% week-over-week despite the dip.

Support holds at $2,200, matching the 200-day moving average. PoS yields reward holders.

DeFi total value locked stays at $95 billion. Chainlink oracles secure $10 billion in daily feeds.

Pectra upgrade aims for 100,000 transactions per second through stateless clients. Ethereum price recovery from $2,283 hinges on macro easing, ETF rebounds, and upgrades.