Ethereum's price surged to $3,400 on January 14, 2026, as the cryptocurrency market experienced a broad rally. This increase was driven by Bitcoin's rise to over $97,000 and a resurgence in Ethereum staking, which reached an all-time high with over 36 million ETH locked. The value of these staked coins exceeds $118 billion, representing nearly 30% of Ethereum's circulating supply. The rally comes amid renewed investor optimism, lower inflation signals, and increased institutional inflows. Ethereum's price movement reflects a broader market trend, with the cryptocurrency gaining 6% in the past 24 hours. Technical indicators suggest a bullish outlook, with the Relative Strength Index (RSI) showing strong buyer control and the Moving Average Convergence Divergence (MACD) indicator signaling a bullish bias. The market's positive sentiment, coupled with significant short liquidations, has further fueled Ethereum's upward momentum.