More Ethereum is being staked than withdrawn, showing strong investor confidence and reduced selling pressure.
Ethereum treasury companies are starting to recover after months of declining share prices, as Ethereum (ETH), the second-largest cryptocurrency, passed the $3,000 mark on January 2, 2026.
Major Ethereum-focused companies like BitMine Immersion Technologies (BMNR), Sharplink Gaming (SBET), and Bit Digital (BTBT) are seeing upward movement. BitMine, for instance, has jumped over 16% since December 31, reaching $31.19, a level not seen since December 23. The stock is pushing a volume of about $57 million, recorded over the last 24 hours, according to Yahoo Finance.
Sharplink Gaming’ SBET went from $8.98 to a daily high of $9.95 before settling at $9.69, with a trading volume of over $10 million in the last 24 hours and a market cap of over $1.9 billion. Bit Digital rose 8.62% to $2.04 per share over the same period, reaching over $658 million in market cap, thanks to the $34.88 million in trading volume.
Crypto Analyst Ted Pillows highlighted the move in a post on X, saying, “Ethereum Treasury companies are seeing some bounce back now. This needs to continue for some time so that more institutional buying could happen for $ETH.”
Ethereum’s price is currently showing a strong sign of recovery. At the time of writing, ETH is trading at $3,107 after moving past the $3,000 resistance level. Looking at the chart on TradingView, the zone seems to be an important price point, which would indicate whether the current momentum is strong enough to start a rally or weak. In short, it can act as both a technical and psychological pivot.
On-chain data also shows that Ethereum staking is increasing. For the first time in four months, more ETH is being put into staking than being withdrawn.
Abdul Rehman, Head of DeFi at Monad Foundation, said, “The last time this happened in June, ETH doubled in price shortly after. 2026 [is] going to be a movie.” There are currently 890,134 ETH in the validator entry queue, compared with 267,149 ETH in the exit queue.
Last year was a big year for corporate companies that started focusing on Ethereum. BitMine, for instance, made Ethereum its main treasury asset in July 2025. The company notes that Ethereum represents the future of finance and ties its share price to ETH movements.
Plans for stock splits ranging from 20:1 to 100:1 depend on the approval of increased shares. Market observers like Michaël van de Poppe suggest that if Ethereum breaks key resistance, it could continue upward, with targets as high as $3,700.
