ETH breaks through the 3300 mark, BlackRock's $100 million boost fuels the surge

According to the latest news, ETH broke through the 3300 USDT threshold on January 7, 2026, with the current price at 3300.42 USDT. This breakthrough was not accidental but the result of multiple factors working together. Among them, large-scale purchases of Ethereum ETFs under BlackRock, overall market sentiment improvement, and continuous on-chain fund inflows all provided strong support for this breakthrough.

Data Support Behind the Price Breakthrough

Recent Price Increase Performance

ETH’s breakthrough was achieved on the basis of a strong weekly rally. According to market data, ETH has increased by nearly 10.89% over the past week, up 1.32% in the past 24 hours, and up 1.37% in the past hour. This sustained upward momentum indicates a clear bullish sentiment towards Ethereum.

Currently, ETH’s market capitalization has reached $39.626 billion, accounting for 12.37% of the total cryptocurrency market cap. The 24-hour trading volume is $2.669 billion, maintaining active market participation.

The Importance of the 3300 Threshold

From a technical perspective, 3300 USDT is an important resistance level for Ethereum in the near term. Breaking through this level means the market has confirmed the validity of the upward trend, opening space for further gains. According to market analysis, if ETH can hold steady above this price, it may challenge higher targets in the future.

Key Role of Institutional Funds

BlackRock’s Strategic Deployment

BlackRock played an important role in this rally. According to Farside Investors, BlackRock’s Ethereum ETF purchased ETH worth $102.9 million on January 5. This large purchase not only provided capital support for the market but also sent a strong signal—one of the world’s largest asset management firms remains bullish on Ethereum.

It is worth noting that BlackRock also bought $287.4 million worth of BTC through a Bitcoin ETF on January 2, setting a nearly three-month record for single-day purchases. This indicates that institutional funds are actively deploying across mainstream crypto assets.

On-Chain Data Validates Market Sentiment

In addition to BlackRock’s official actions, on-chain data also reflects active institutional and large investor participation. According to Whale Alert data, a major Ethereum whale deposited 28,320 ETH into the Beacon staking contract on January 6, worth approximately $91.67 million. Such large staking behavior usually indicates a long-term bullish attitude.

Meanwhile, well-known trader 0x10a3 has recently increased his ETH long positions, currently holding multiple assets including 5,000 ETH, with unrealized profits exceeding $3.5 million.

Market Outlook and Risk Balance

Sustainability of Upward Momentum

From the current market environment, favorable factors include continuous inflows of institutional funds, improving market sentiment, and on-chain data support. If the total cryptocurrency market cap can break through the key resistance of $3.2 trillion, a larger rebound may occur.

However, it is also important to note that there are bearish voices in the market. Trader pension-usdt.eth has opened a 3x short position on ETH, currently with an unrealized loss of over $1.68 million. This reminds investors that there are differing opinions and risks in the market.

Points to Watch Moving Forward

Whether ETH can continue to break through resistance above 3300 largely depends on sustained institutional support and macroeconomic stability. Analysts believe that if Bitcoin can reach new highs, Ethereum may see even larger gains. However, fragile macroeconomic conditions could also bring about a correction risk.

Summary

ETH breaking through 3300 USDT signifies a recovery of market confidence in Ethereum. Continuous buying by institutions like BlackRock provides a solid capital foundation for this breakthrough, and on-chain data also confirms bullish market sentiment. However, investors should recognize that while this breakthrough is positive, the subsequent trend still depends on the ongoing strength of institutional support and macroeconomic changes. Breaking through the 3300 threshold is just the beginning; whether ETH can hold steady and continue to rise will be key to determining the future market direction.