Ethereum News: Market Volatility and Social Impact Staking

The cryptocurrency market has recently experienced significant volatility, leading to substantial liquidations. Ethereum has been at the forefront of these developments, both in terms of market impact and innovative staking solutions.

Crypto Market Sees $342 Million in 24-Hour Liquidations, Ethereum Tops List

The cryptocurrency market experienced significant volatility, leading to $342.26 million in liquidations within a 24-hour period. Ethereum (ETH) led the liquidations with a staggering $136 million. The data was shared by Phoenix, an on-chain analytics platform, highlighting the top cryptocurrencies affected by these liquidations.

Ethereum Staking Meets Social Impact: Lido Impact Staking Officially Launches

Lido Impact Staking (LIS) officially launches on January 15, 2025, introducing a novel approach to sustainable funding for social impact. By leveraging Ethereum staking rewards and Lido middleware, LIS enables users to stake ETH, stETH, or wstETH and allocate a percentage of their staking rewards to social impact projects of their choice. This model allows individuals, organizations, and DAOs to support causes transparently and perpetually without compromising their original capital. The platform also features a permissionless framework, allowing any social impact project to register, thereby decentralizing and democratizing philanthropy. LIS aims to create a new era of accessible and sustainable social impact funding.

Ethereum Price Poised to Reclaim 15% Losses as Selling Pressure Eases

Ethereum's price is showing signs of recovery as selling pressure eases. The recent 15% decline has led to reduced activity among ETH investors, which is a positive indicator for potential price recovery. The concentration of profitable investors has dropped from 33% to 14%, reducing the likelihood of profit-booking and providing market stability. This could support Ethereum's price recovery in the near term.

Ethereum Price Forecast: Potential Rally Above $4,400

Ethereum (ETH) has seen a positive price movement, increasing by over 5% following the release of lower-than-expected US Consumer Price Index (CPI) data. Despite a net withdrawal of 160,000 ETH from staking contracts over the past four days and minor inflows into Ethereum ETFs indicating lingering doubts among institutional investors, ETH could potentially rally above $4,400. This optimistic forecast is contingent on ETH validating a rounded bottom pattern by surpassing key resistance levels NEAR $3,550 and $3,770.